Regulators got back to work during the last week of April, closing five banks in four different states. A total of 22 banks have failed this year compared to a total of 92 bank failures during 2011. If the rate of bank failures for the first four months of the year is annualized, total bank […]
Five Banks Collapse In Four States – 2012 Bank Failures Total 22 – Are Your Deposits Insured?
April 28, 2012 By Leave a Comment
Plantation Federal Bank, Pawleys Island, South Carolina, Closed By Regulators
April 27, 2012 By Leave a Comment
Plantation Federal Bank, Pawleys Island, South Carolina, was closed today by the Office of the Comptroller of the Currency. The FDIC, acting as receiver, sold the failed bank to First Federal Bank of Charleston, South Carolina. Plantation Federal Bank, locally owned and operated, had been in business for over seventeen years. The Bank prided itself […]