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Thread: Nother bank bites the dust and is closed

  1. #1
    God/dess Deogol's Avatar
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    Default Nother bank bites the dust and is closed

    Tiny bank, but all the same...




    The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved the assumption of all the deposits of Douglass National Bank, Kansas City, Missouri, by Liberty Bank and Trust Company, New Orleans, Louisiana.

    Douglass National, with $58.5 million in total assets and $53.8 million in total deposits as of October 22, 2007, was closed today by the Office of the Comptroller of the Currency, and the FDIC was named receiver.

  2. #2
    Yekhefah
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    Default Re: Nother bank bites the dust and is closed

    May Bank of America be next!

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