The cost of Westamerica Bank’s acquisition of County Bank will cost the FDIC’s Deposit Insurance Fund $135 million. Alliance Bank and County Bank are the second and third banks to fail in California in 2009. FirstBank Financial Services, McDonough, GA, had all of its deposits bought by Regions Bank, Birmingham, AL. FirstBank’s four offices are now branches of Regions Banks. The FDIC will retain the remaining assets from the three banks for later disposition. The Treasury’s new financial rescue plan will be unveiled Tuesday.”]
Source: https://www.bankinfosecurity.com/three-more-banks-closed-a-1202