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Bank Failures #11 & 12 in 2013: North Carolina and Georgia

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From the FDIC: Capital Bank, National Association, Rockville, Maryland, Assumes All of the Deposits of Pisgah Community Bank, Asheville, North Carolina

As of March 31, 2013, Pisgah Community Bank had approximately .9 million in total assets and .2 million in total deposits. … The FDIC estimates that cost to the Deposit Insurance Fund will be .9 million. … Pisgah Community Bank is the 11th FDIC-insured institution to fail in the nation this year, and the second in North Carolina.

From the FDIC: Synovus Bank, Columbus, Georgia, Assumes All of the Deposits of Sunrise Bank, Valdosta, Georgia

As of March 31, 2013, Sunrise Bank had approximately .8 million in total assets and .8 million in total deposits. … The FDIC estimates that cost to the Deposit Insurance Fund will be .3 million. … Sunrise Bank is the 12th FDIC-insured institution to fail in the nation this year, and the third in Georgia.

Two more …

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