2011-04-29bankimplode.com

The Park Avenue Bank, Valdosta, Georgia, was one of a pair of banks served up to Bank of the Ozarks, Little Rock, Arkansas. The closing makes The Park Avenue Bank, the 38th FDIC-insured institutions to fail in the nation so far this year. The agency estimates that the cost to the Deposit Insurance Fund (DIF) for The Park Avenue Bank will be $306.1 million. Read our full coverage here.


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