Three more banks failed in the United States last Friday, bringing the total number of bank failures in the country to 86. Peninsula Bank of Englewood, Fla., was taken over by the Federal Deposit Insurance Corporation (FDIC) and subsequently sold to Premier American Bank, NA of Miami, which will assume $580 million in deposits and $644 million in assets from the bank.
The other two failed U.S. banks are First National Bank of Savannah, Ga., and High Desert State Bank of Albuquerque, N.M. All three banks were put in receivership by the FDIC and subsequently sold off. Customer deposits are not affected. The First National Bank of Savannah represented the 39th bank failure in the state of Georgia since 2007, the most of any state in the nation.
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