Friday, September 24, 2010

Nothing Safe About Haven Trust Bank Florida

This week's first shutdown belongs to Haven Trust Bank Florida of Ponte Vedra Beach, Florida. At 28th on the list, Haven had approximately $148.6 million total assets and $133.6 million in total deposits. First Southern Bank (6308th) of Boca Raton, FL has agreed to assume nearly all deposits for the former bank.

The other bank to close this week was 90th ranked North County Bank of Arlington, WA. It had about $288.8 million total assets and $276.1 million in total deposits. Whidbey Island Bank (3646th) of Cupeville, WA has agreed to assume the deposits.

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