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Bank Failure #4 for Today, #41 for the Year: Desert Hills Bank, Phoenix, AZ

Friday, March 26, 2010 - 6:33 PM
From the FDIC press release
To protect the depositors, the FDIC entered into a purchase and assumption agreement with New York Community Bank, Westbury, New York, to assume all of the deposits of Desert Hills Bank.
I'll have more on this tonight in my bank review summary.
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708