Review of Friday's Bank Closures

Local newspapers often provide insights and history on the banks that failed. Here are some articles from local newspapers on two of the May 7th bank closures:

• San Diego Union-Tribune: 1st Pacific Bank of S.D. seized by regulators - The article not only reviews the history of 1st Pacific Bank, but it also looks at the remaining banks in the county and how they are battling for market share.
• Panama City News Herald: FDIC preparing for Bank of Bonifay turnover - "The oldest state-chartered bank in Florida, Bank of Bonifay had nearly $30 million in nonaccrual loans, more than 90 days past due"