The FDIC closed it's first banks of 2012 today. A total of three insitutions were shuttered by the regulator. Central Florida State Bank of Belleview, Florida, The First State Bank of Stockbridge, Georgia and American Eagle Savings Bank of Boothwyn, Pennsylvannia each received the dreaded visit by FDIC teams to begin their weekend absorption into a purchasing institution. All three found buyers. American Eagle was acquired by Capital Bank N.A. The First State Bank was purchased by Hamiton State Bank. Cental Florida State Bank is being integrated into CenterState Bank of Florida N.A. All banks had troubled histories prior to their closures as seen in these forensic pages released by Institutional Risk Analytics following the press releases.
Central Florida State Bank - Belleview, FL 1/20/2012
The First State Bank - Stockbridge, GA 1/20/2012
American Eagle Savings Bank - Boothwyn, PA 1/20/2012
IRA donates a free tool to the "Move Your Money" education campaign that enables consumers to locate healthier community banks close to their zip codes. This zip code finder tool can be found at http://us1.irabankratings.com/MoveYourMoney/index.asp.
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Source: http://www.huffingtonpost.com/dennis-santiago/fdic-resumes-bank-closing_b_1220336.html
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