Small Ga Fla banks mark 2012 first failures
Regulators closed two small banks in Georgia and Florida the first failures of 2012 after 92 closures last year. First State Bank Stockbridge Ga with 536.9 million in assets and 527.5 million in deposits and Central Florida State Bank Belleview Fla with 79.1 million in assets and 77.7 million in deposits. Hamilton State Bank Hoschton Ga will assume First State Bank assets and deposits. Center State Bank of Florida Winter Haven Fla will assume Central Florida State Bank assets and deposits. Expected cost to the deposit insurance fund 216.2 million for First State Bank and 24.4 million for Central Florida State Bank.
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Crude oil hovers near $100 as gas prices stay high
Oil trades hover around 100 dollars a barrel while national gas averages rise toward 3.38 a gallon. Analysts blame Middle East tension and recession fears for the sustained high costs, with Iran threatening Strait of Hormuz and potential supply disruptions cited as the wild card.
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Zynga explores online gambling market
Zynga Inc of San Francisco says it is in active talks with potential partners to understand and explore online gambling with real money. Its Zynga Poker title is the largest online poker game with seven million daily players and 30 million monthly players, all using virtual currency. The talks follow a Justice Department ruling that in state Internet gambling does not violate federal law.
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