The latest closings are: Imperial Savings and Loan Association, Martinsville, Virginia, was closed by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC arranged for CenterState Bank of Florida, National Association, Winter Haven, Florida, to assume all the deposits and all the assets of the failed bank. Butte Community Bank’s 14 branches will reopen as branches of Rabobank. Pacific State Bank had assets of $312.1 million.”]
Source: https://www.cuinfosecurity.com/eight-banks-closed-on-aug-20-a-2859