The Texas Department of Banking and the FDIC seized control of First International Bank in Plano, Texas, over the weekend. The closing is expected to cost the FDIC’s insurance fund $ 53.8 million and brings the agency’s failed-bank tally to 74 for the 2011 calendar year. The FDIC brokered a deal with Houston, Texas’ American First National Bank to take over the failed institution and purchase essentially all of its assets.
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