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Two More Bank Failures: One in Florida & One in Louisiana

Friday, March 12, 2010 - 6:00 PM
Bank failure #29 for 2010: Old Southern Bank in FL. From the FDIC press release
To protect the depositors, the FDIC entered into a purchase and assumption agreement with Centennial Bank, Conway, Arkansas, to assume all of the deposits of Old Southern Bank.
Bank failure #30 for 2010: Statewide Bank in LA. From the FDIC press release
To protect the depositors, the FDIC entered into a purchase and assumption agreement with Home Bank, Lafayette, Louisiana, to assume all of the deposits of Statewide Bank.
I'll have more on these closures in my Friday bank failure review.
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Ken TuminKen Tumin5,469 posts since
Nov 29, 2009
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