5 Banks, 1 CU CU closed on April 29; 48 failed institutions so far in 2011. Utah Central Credit Union, Salt Lake City, had approximately $157 million in assets; Chartway Federal Credit Union of Virginia Beach, Va., immediately purchased and assumed the assets, liabilities and members. Community Central Bank, Mount Clemens, Mich., was closed by the Michigan Office of Financial and Insurance Regulation. First Choice Community Bank and The Park Avenue Bank of Little Rock, Ark., acquired the banking operations, including all the deposits, of two Georgia-based banks.”]
Source: https://www.inforisktoday.com/5-banks-1-cu-closed-on-april-29-a-3591