Regulators closes Four Banks

Federal Regulators have seized control of four banks on Friday. The banks that closed are in Florida, Illinois, Maryland and Utah. The number of banks closed since January 1, 2010 is 26.

Sun American Bank, Bank based in Boca Raton, closed with $535.7 million in assets and $443.5 million in Deposit. The bank sold by regulators to Raleigh, NC First Citizens Trust and Bank .

AP Yahoo Finance News has the rest of the story.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s