Four More Banks Fail
WASHINGTON – Regulators shuttered four banks Friday, making a total of seven failures so far this year.
United Western Bank, a $2.1 billion Denver institution, was the largest failure. Its assets were assigned to First-Citizens Bank & Trust Company of Raleigh, N.C., in a purchase and assumption deal.
The other failures were: $440 million CommunitySouth Bank and Trust of Easley, S.C.; $195 million Bank of Asheville (N.C.); and, $100 million Enterprise Banking Company of McDonough, Ga.
The four failures are estimated to cost the FDIC $455 million to resolve.