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Mar 6, 2010

FDIC : Bank Closings




 1.- Bank Closing - Bank of Illinois, Normal, IL
 
On Friday, March 5, 2010, Bank of Illinois, (CERT #9268), Normal, IL was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: Bank of Illinois (www.fdic.gov). 


2.-Bank Closing - Waterfield Bank, Germantown, MD
 
On March 5, 2010, the FDIC was named as Receiver for Waterfield Bank, (CERT # 34976), Germantown, MD by the Office of Thrift Supervision. An assuming bank could not be located. Therefore, the FDIC will fulfill its obligation to Waterfield Bank depositors by mailing checks for their insured certificates of deposit and individual retirement accounts. The bank facilities will reopen on Monday, March 8, 2010 as Waterfield Bank, FA, a special financial institution organized by the FDIC that enables depositors of the former Waterfield Bank to conduct most of their banking business until they transfer their deposits to another financial institution. For further information, please visit the FDIC web site: Waterfield Bank (www.fdic.gov).
  
3.-Bank Closing - Sun American Bank, Boca Raton, FL
 
On Friday, March 5, 2010, Sun American Bank, (CERT #27126), Boca Raton, FL was closed by the Florida Office of Financial Regulation. All deposits, excluding certain brokered deposits, were transferred to the acquiring institution; for further information, please visit the FDIC web site: Sun American Bank (www.fdic.gov).


 

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