Regulators shutter small WY bank, bringing 2009's failed bank tally to 53

Publication date: Mon, 07/27/2009
New York Times July 10

Regulators shuttered Bank of WY, marking 53rd failure this year of a fed insured bank. The FDIC was appointed receiver of the failed bank, based in WY. It had $70M in assets & $67M in deposits. The FDIC says Central Bank & Trust of Lander, WY, will assume all deposits & purchase about $55M in assets. The FDIC will retain the remaining assets to sell at a later date.

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