A trio of community banks made up the first bank failures of this year, according to the Federal Deposit Insurance Corp. (FDIC).
Central Florida State Bank in Belleview, Fla., was closed by the Florida Office of Financial Regulation, which appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with CenterState Bank of Florida NA of Winter Haven, Fla., to assume all of the deposits of Central Florida State Bank.
The First State Bank in Stockbridge, Ga., was closed by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with Hamilton State Bank in Hoschton, Ga., to assume all of the deposits of The First State Bank.
American Eagle Savings Bank in Boothwyn, Pa., was closed by the Office of the Comptroller of the Currency, which appointed the FDIC as receiver. The FDIC entered into a purchase and assumption agreement with Capital Bank NA in Rockville, Md., to assume all of the deposits of American Eagle Savings Bank.