Four Banks Closed on March 26; Year-to-Date Tally of Failed Institutions: 46. FDIC entered into a purchase and assumption agreement with CharterBank, Georgia, to assume all of the deposits of McIntosh Commercial Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $67.2 million. The six branches of Desert Hills Bank will reopen on Monday as branches of New York Community Bank. The five branches of Unity National Bank were to reopen on Saturday.”]
Source: https://www.cuinfosecurity.com/four-banks-closed-on-march-26-a-2346