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Three U.S. banks closed
WASHINGTON, -- U.S. regulators said they had taken over three banks this week in the center of the country, but arranged for asset transfers to keep their branches open.
Two of the closed banks are in Missouri, The Wall Street Journal reported Saturday.
The Federal Deposit Insurance Corp., said Premier Bank of Jefferson City, Mo., would be taken over by the Providence Bank in Columbia, Mo. in a loss-sharing arrangement that includes turning over all of Premier's $1.03 billion in deposits over to Providence.
The FDIC has also arranged for WestBridge Bank & Co. of Chesterfield, Mo., to remain closed and transfer its $72.5 million in deposits to Midland States Bank of Effingham, Ill.
The Office of Thrift Supervision said it had closed Security Savings Bank in Olathe, Kan., arranging for Simmons First National Bank of Pine Bluff, Ark. to take over its $334.2 million in depositor assets.
The closings bring the number of U.S. bank failures in 2010 to 132.
WASHINGTON, -- U.S. regulators said they had taken over three banks this week in the center of the country, but arranged for asset transfers to keep their branches open.
Two of the closed banks are in Missouri, The Wall Street Journal reported Saturday.
The Federal Deposit Insurance Corp., said Premier Bank of Jefferson City, Mo., would be taken over by the Providence Bank in Columbia, Mo. in a loss-sharing arrangement that includes turning over all of Premier's $1.03 billion in deposits over to Providence.
The FDIC has also arranged for WestBridge Bank & Co. of Chesterfield, Mo., to remain closed and transfer its $72.5 million in deposits to Midland States Bank of Effingham, Ill.
The Office of Thrift Supervision said it had closed Security Savings Bank in Olathe, Kan., arranging for Simmons First National Bank of Pine Bluff, Ark. to take over its $334.2 million in depositor assets.
The closings bring the number of U.S. bank failures in 2010 to 132.
