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June 9th, 2012 
FAKE NEWS for the Zionist agenda The bank closures on Friday, put the number of those closed this year at 28, Reuters reported.
State Regulators closed North Carolina’s Waccamaw Bank of Whiteville. Virginia’s First Community Bank of Bluefield is to assume its USD 472.7 million in deposits and take over its 16 branches.
In South Carolina, regulators shut down the Carolina Federal Savings Bank of Charleston. The Bank of North Carolina (BNC) will take over the bank’s two branches and will assume its USD 53.1 million failed deposits and some of its USD 54.4 million in assets.
The Farmers and Traders State Bank of Shabbona in Illinois was also closed down and will reopen as part of First State Bank. The bank has USD 42.3 million in total deposits and nearly USD 43.1 million in total assets.
State regulators also closed Oklahoma’s First Capital Bank of Kingfisher. Its USD 44.8 million in deposits, as well as a portion of its USD 46.1 million in total assets will be assumed by the FM Bank.
According to estimations by the Federal Deposit Insurance Corporation (FDIC), up to 60 banks will be closed this year.
In 2011, some 92 banks were closed. In 2010, 157 banks with total assets of USD 92 billion caved in, compared to 140 bank failures in 2009 with total assets of USD 169.7 billion.
SZH/JR/AZ
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