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July 23, 2010, 6:36 p.m. EDT

Five U.S. bank failures raises 2010 tally to 101

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By Wallace Witkowski

RNST

SAN FRANCISCO (MarketWatch) -- Five U.S. bank failures have raised the year's total to 101, according to the Federal Deposit Insurance Corp. on Friday. The largest of the five, Crescent Bank and Trust Co. in Jasper, Ga., will have its $965.7 million in deposits assumed by Renasant Bank /zigman2/quotes/200892803/composite RNST -1.12% of Tupelo, Miss. Sterling Bank of Lantana, Fla. will have its $372.4 million in deposits assumed by Iberiabank of Lafayette, La. First Citizens Bank and Trust Co. of Columbia, S.C. will assume the $134.3 million in deposits from Williamsburg First National Bank of Kingstree, S.C. Bennington State Bank of Salina, Kan., will assume the $28.5 million in deposits at Thunder Bank of Sylvan Grove, Kan. Finally, Roundbank of Waseca, Minn. will assumes the $108 million in deposits at Community Security Bank of New Prague, Minn. The total cost for the five banks to the deposit-insurance fund will be $319.8 million.

/zigman2/quotes/200892803/composite
US : U.S.: Nasdaq
$ 36.13
-0.41 -1.12%
Volume: 64,090
Jan. 28, 2022 10:37a
P/E Ratio
11.67
Dividend Yield
2.42%
Market Cap
$2.04 billion
Rev. per Employee
$275,521
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