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Bank Failures in Brief
2012

The list of Bank Failures in Brief is updated through January 27, 2012. Please address questions on this subject to the Customer Service Hotline (Telephone: 1-888-206-4662).

January

BankEast, Knoxville, TN with approximately $272.6 million in total assets and $268.8 million in total deposits was closed. U.S. Bank National Association (N.A.) has agreed to assume all deposits.
(PR-013-2012)

Patriot Bank Minnesota, Forest Lake, MN with approximately $111.3 million in total assets and $108.3 million in total deposits was closed. First Resource Bank has agreed to assume all deposits.
(PR-012-2012)

Tennessee Commerce Bank, Franklin, TN with approximately $1.185 billion in total assets and $1.156 billion in total deposits was closed. Republic Bank & Trust Company has agreed to assume all deposits excluding certain brokered deposits.
(PR-011-2012)

First Guaranty Bank & Trust Company of Jacksonville, Jacksonville, FL with approximately $377.9 million in total assets and $349.5 million in total deposits was closed. CenterState Bank of Florida, National Association (N.A.) has agreed to assume all deposits excluding certain brokered deposits.
(PR-010-2012)

American Eagle Savings Bank, Boothwyn, PA with approximately $19.6 million in total assets and $17.7 million in total deposits was closed. Capital Bank, National Association (N.A.) has agreed to assume all deposits excluding certain brokered deposits.
(PR-007-2012)

The First State Bank, Stockbridge, GA with approximately $536.9 million in total assets and $527.5 million in total deposits was closed. Hamilton State Bank has agreed to assume all deposits excluding certain brokered deposits.
(PR-006-2012)

Central Florida State Bank, Belleview, FL with approximately $79.1 million in total assets and $77.7 million in total deposits was closed. CenterState Bank of Florida, National Association (N.A.) has agreed to assume all deposits excluding certain brokered deposits.
(PR-005-2012)


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Last Updated 01/27/2012 cservicefdicdal@fdic.gov