Source:
AP39 minutes ago
CHARLOTTE, N.C. — Regulators on Friday shut down banks in Florida and Minnesota, bringing the number of U.S. bank failures this year to 66.
The Federal Deposit Insurance Corp. took over The Bank of Bonifay, based in Bonifay, Fla., which had $242.9 million in assets and $230.2 million in deposits as of March 31.
The FDIC also seized Access Bank, in Champlin, Minn., with $32 million in assets and $32 million in deposits at the end of March.
First Federal Bank of Florida in Lake City, Fla. agreed to acquire Bonifay's deposits and about $78.1 million of its assets. The FDIC will keep the remainder for eventual sale.
PrinsBank of Prinsburg, Minn. will assume Access' deposits and assets.
The failure of The Bank of Bonifay is expected to cost the deposit insurance fund $78.7 million; that of Access Bank, $5.5 million.
With the 66 so far this year, the pace of bank closures this year is double that of 2009. By May 1 last year, U.S. regulators had shut down 32 banks.
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http://www.fdic.gov/bank/individual/failed/banklist.html