Regulatory agencies say they have closed banks in North Carolina and Georgia, the U.S. bank failures this year, the number of 12.
Federal Deposit Insurance Corporation (FDIC) on Friday seized Pisgah Community Bank, headquartered in Asheville, North Carolina Sunrise Bank, headquartered in Valdosta, Georgia
Federal Deposit Insurance Corporation to arrange another bank to take over the failed bank deposits and buy some assets.
Failure of the two lenders, the Deposit Insurance Fund is expected to cost $ 26.2 million.
Pisgah Community Bank, operates a single branch, about $ 21.9 million in assets and $ 21.2 million of deposits, as of March 31.
Investment Bank, NA, is headquartered in Rockville, Maryland, United States, agreed to assume the deposits and failed lender's assets of $ 19.8 billion.
The FDIC will retain the remaining assets after the disposal.
The Sunrise Bank operates three branches, and has approximately $ 60.8 million in assets and $ 57.8 million Hong Kong dollar deposits.
Synovus Bank, headquartered in Columbus, Georgia, agreed to assume all Sunrise bank deposits and assets of $ 13.2 billion purchase of the failed bank.
U.S. bank failures has been on the decline since they peaked in 2010, in the aftermath of the financial crisis and the Great Recession.
In 2007, there were only three banks go under. This figure jumped to 25 days, after the 2008 financial crisis, surged to 140 in 2009.
Regulatory authorities in 2010 seized 157 banks, savings and loan crisis, the most in any year since the first two decades. Federal Deposit Insurance Corporation said in 2010, is the high-water mark from the recession, bank failures. They fell in 2011 to a total of 92.
Bank failures last year slowed to 51, but still higher than normal levels.
In a strong economy an annual average of only four or five banks closed. Substantially reduced turn off the display speed continuous improvement.
From 2008 to 2011, the cost of bank failures, the deposit insurance fund an estimated $ 88 billion, the fund into the red in 2009. Failure slowdown, the Fund's assets in the second quarter of 2011 from negative to positive.
From 31 December to $ 32.9 billion from $ 25.2 billion at the end of September.
The FDIC is expected from 2012 to 2016, at a cost of $ 1 billion of bank failures.
 
 



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