Five Banks Fail Bringing 2011 Total to 39

Five more banks were closed by federal regulators today, bringing the total number of failed banks for 2011 to 39. Five banks were closed in three states, Florida, Georgia and Michigan. Here is the list of the banks closed today:

Community Central Bank in Mount Clemens, MI
The Park Avenue Bank in Valdosta, GA
Cortez Community Bank in Brooksville, FL
First National Bank of Central Florida in Winter Park, Fl
First Choice Community Bank in Dallas, GA

You can find the complete list of failed banks here on the FDIC's website.

Posted on April 29, 2011

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