Another two US banks
have been shuttered by regulators, bringing the running total of US
bank failures this year to 47.
The latest banks to
close were Georgia-based McIntosh State Bank of Jackson – it had
$339.9m in total assets and $324.4m in total deposits at the end of
the first quarter – and Florida-based First Commercial
Bank.
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The latter lender had
$98.6m in assets and $92.6m in deposits as of the end of the third
quarter.
Georgia-lender Hamilton
State Bank has acquired McIntosh State Bank while Florida-based
Stonegate Bank has snapped up the assets of First Commercial
Bank.
By contrast, 83 US
lenders had failed by the middle of June last year; for all of
2010, 157 FDIC-insured institutions failed.
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