Amadeusz Juskowiak

Us regulator closes banks in texas louisiana

The Federal Deposit Insurance Corp FDIC said three troubled banks in Texas and Louisiana were merged with healthy financial institutions

The FDIC said it subsidized the merger of Central Bank and Trust Co Glenmora La with the healthy Peoples Bank and Trust Co Natchitoches La after state regulators notified it that Central was in danger of failing

Central had assets of 283 mln dlrs

The FDIC said the deposits of the failed Farmers State Bank Hart Tex were assumed by Hale County State Bank Plainview Tex

Farmers with 96 mln dlrs in assets was closed by Texas bank regulators

The deposits of the failed First National Bank of Crosby Crosby Tex with total assets of 82 mln dlrs were assumed by Central Bancshares of the South Inc Birmingham Ala after First National was closed by federal bank regulators the FDIC said

The number of federally insured banks to fail so far this year now totals 32 the FDIC said

Reuter