FDIC Closes Banks in Florida and Illinois Bringing Total Bank Failures to 49

BY: KENNETH SCHORTGEN JR

Heritage Bank of Florida, located in Lutz, Florida, and Citizens First National Bank, located in Princeton, Illinois, were closed down by the FDIC on Nov. 2. These bank closures are the first two in the month of November, and bring the total number of failed banks in 2012 to 49.

11/2/2012 *** FL *** Lutz *** Heritage Bank of Florida *** $65.5 million dollar estimated FDIC DIF cost.

11/2/2012 *** IL *** Princeton *** Citizens First National Bank *** $45.2 million dollar estimated FDIC DIF cost. – FDIC

The total DIF for failed banks this week is $110.7 million.

If you were banking at Heritage Bank of Florida in Lutz, Florida, you are now banking at Centennial Bank. If you were banking at Citizens First National Bank in Princeton, Illinois, you are now banking at Heartland Bank and Trust Company.

For more on the FDIC bank closure lists you can go to the FDIC website and search through their report of failed banks, credit unions, and Trusts.

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