US closes two more banks, 87 so far in 2011
Sunday, 6 November 2011
WASHINGTON, Nov 5 (Reuters): US regulators closed two more banks Friday-one in Utah and another in Nebraska-bringing the total number this year to 87.
The Federal Deposit Insurance Corporation (FDIC) said the SunFirst Bank of Saint George, Utah, has been closed. It said the three branches of SunFirst Bank will reopen as branches of Cache Valley Bank Saturday.
SunFirst Bank had about $198.1 million in total assets and $169.1 million in total deposits as of September 30, 2011.
The FDIC also said that Mid City Bank, Inc in Omaha, Nebraska, was shuttered, with the deposits being assumed by Purdum State Bank in Purdum, Nebraska.