Regulators close small banks in Okla, Wis
Sunday, 13 March 2011
WASHINGTON, Mar 12 (AP): Regulators Friday shut down small banks in Oklahoma and Wisconsin, lifting to 25 the number of US bank failures this year after economic distress and soaring loan defaults brought down 157 banks in 2010.
The Federal Deposit Insurance Corp. seized First National Bank of Davis, with one office in Davis, Okla, $90.2 million in assets and $68.3 million in deposits; and minority-owned Legacy Bank in Milwaukee, also with one office, with $190.4 million in assets and $183.3 million in deposits.