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SAN FRANCISCO (MarketWatch) -- Florida's First Peoples Bank in Port Saint Lucie became the 54th U.S. bank failure of the year, according to the Federal Deposit Insurance Corp. Friday. Earlier, the FDIC said regulators closed High Trust Bank and One Georgia Bank in Georgia. Premier American Bank of Miami will acquire First People's $228.3 million in assets and $209.7 million in deposits. The closure will cost the FDIC's deposit insurance fund $7.4 million. First Peoples also marks the seventh bank closure in Florida this year.
Originally posted by LooksLikeWeMadeIt
reply to post by Carseller4
Ah, leave Obama alone. the man has his hands full dealing with all those arrogant brats running around D / C ~ aka the Republicans. on top of that he has to deal with that new infestation called the Tea Party. sorry OP, I'm off topic, I'm just tired of the Prez being blamed for everything under the sun. interesting topic though; I have a good budy in banking in Fla., he has been mum about this but I shall see what I can find out.