Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Bank Failure #50 of 2010 and #8 for Today: City Bank, Lynnwood, Washington

Friday, April 16, 2010 - 10:05 PM
With 8 bank closures today, we had the most number of bank failures today since last October 30th. This latest bank failure should be the last one for today. From the FDIC press release
To protect the depositors, the FDIC entered into a purchase and assumption agreement with Whidbey Island Bank, Coupeville, Washington, to assume all of the deposits of City Bank.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634