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

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.