Arab Today, arab today 3 more us banks go under
Last Updated : GMT 08:53:10
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3 more U.S. banks go under

Arab Today, arab today

Arab Today, arab today 3 more U.S. banks go under

Washington - UPI

Federal regulators said American Momentum Bank in Tampa, Fla., would take over two failed banks in the state this week. The Federal Deposit Insurance Corp., said Momentum would assume responsibility for accounts at LandMark Bank and Southshore Community Bank, which became the eighth and ninth banks to fail in Florida this year. In Greeley, Colo., the Bank of Choice has also failed, The Wall Street Journal reported Saturday. Bank of Choice\'s accounts would be taken over by Bank Midwest NA of Kansas City, Mo. The FDIC said six-branch firm LandMark Bank had about $275 million in assets and $246.7 million in deposits. Southshore Community Bank, with two branches, had $46.3 million in assets and $45.3 million in deposits. Bank of Choice, a 17-branch-office bank, is the fifth to fail in Colorado in 2011. The state with the most bank failures for 2011 is Georgia with 16. Florida is second with nine bank failures this year.

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