Posts Tagged ‘Lafayette’
Jul 25 2010
NEW YORK – Seven banks were seized in seven US states, marking the second year in a row in which at least 100 lenders have collapsed.
Banks with total deposits of about $2 billion were shut down yesterday, according to statements on the Federal Deposit Insurance Corp. website. The failures cost the FDICs deposit- insurance fund $431 million. The US bank-failure count this year rose to 103.
Iberiabank Corp., based in Lafayette, Louisiana, acquired Lantana, Florida-based Sterling Bank in its fifth FDIC-assisted transaction. Iberiabank picks up six branches and about $372 million in deposits.
