October 30, 2014
WASHINGTON (AP) - Federal regulators have closed three banks - one each in Utah, Florida and Maryland - bringing to six the total number of failures this year.
The Federal Deposit Insurance Corp. was appointed receiver of the banks: MagnetBank of Salt Lake City, Ocala National Bank of Ocala, Fla., and Suburban Federal Savings Bank in Crofton, Md.
The FDIC says it was unable to find another bank to take over MagnetBank's deposits and operations.
CenterState Bank of Florida is assuming the deposits of Ocala National Bank.
Bank of Essex in Tappahannock, Va., is taking over the deposits of Suburban Federal.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.