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Bank Failures #48 and #49
Centennial Bank, Conway, Arkansas, Assumes All of the Deposits of Heritage Bank of Florida, Lutz, Florida
As of September 30, 2012, Heritage Bank of Florida had approximately
$225.5 million in total assets and $223.3 million in total deposits. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)
will be $65.5 million. ... Heritage Bank of Florida is the 48th
FDIC-insured institution to fail in the nation this year, and the eighth
in Florida.
And from the FDIC:
Heartland
Bank and Trust Company, Bloomington, Illinois, Assumes All of the
Deposits of Citizens First National Bank, Princeton, Illinois
As of September 30, 2012, Citizens First National Bank had approximately
$924.0 million in total assets and $869.4 million in total deposits.
... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)
will be $45.2 million. ... Citizens First National Bank is the 49th
FDIC-insured institution to fail in the nation this year, and the eighth
in Illinois.
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