2010-06-25bankimplode.com

First National Bank Savannah, Georgia, was closed by the FDIC and it’s deposits assumed byThe Savannah Bank, National Association, Savannah, Georgia. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $68.9 million. Nevada Security Bank is the 85rd FDIC-insured institution to fail in the nation in 2010. Read our full coverage here.


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