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Banks Shut Down in Indiana Virginia and South Carolina
Regulators closed three banks in Indiana Virginia and South Carolina raising 61 bank failures this year The largest Integra Bank Evansville Indiana with 52 branches 2 2 billion in assets 1 9 billion in deposits received 83 6 million in taxpayer funds in February 2009 BankMeridian Columbia Virginia Business Bank Richmond and South Carolina Bank and Trust Orangeburg also closed South Carolina Bank and Trust will acquire BankMeridian assets and deposits with shared losses on 179 million of BankMeridian assets Integra Bank Virginia Business Bank and BankMeridian cost the FDIC estimated losses of 170 7 million 17 3 million and 65 4 million respectively
MENTIONED IN THIS ARTICLE
Washington, D.C
Indiana
Virginia
South Carolina
U.S
Federal Deposit Insurance Corp
Integra Bank
Evansville
Ind
Treasury Department
Treasury
Virginia Business Bank
Richmond
BankMeridian
Columbia
South Carolina Bank and Trust
Orangeburg