Financial Shutdown for Friday April 29, 2010

On Friday April 29, 2011 the FDIC seized and closed five (5) banks. Despite the recession getting better; bank closures are still an almost weekly happening. Here is the list of closures for this week.

1. On Friday, April 29, 2011, First National Bank of Central Florida, Winter Park, FL was closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
   
   All deposit accounts, excluding certain brokered deposits, have been transferred to Florida Community Bank, a division of Premier American Bank, National Association (N.A.), Miami, FL and will be available immediately. The former First National Bank of Central Florida locations will reopen as branches of Florida Community Bank during regular business hours.
   
   
2. On Friday, April 29, 2011, Cortez Community Bank, Brooksville, FL was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
   
   All deposit accounts, excluding certain brokered deposits, have been transferred to Premier American Bank, National Association (N.A.), Miami, FL and will be available immediately. The former Cortez Community Bank locations will reopen as branches of Florida Community Bank during regular business hours.
3. On Friday, April 29, 2011, First Choice Community Bank, Dallas, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
   
   All deposit accounts, excluding the Cede and Co. deposits, have been transferred to Bank of the Ozarks, Little Rock, AR and will be available immediately. The former First Choice Community Bank locations will reopen as branches of Bank of the Ozarks during regular business hours.
4. On Friday, April 29, 2011, The Park Avenue Bank, Valdosta, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
   
   All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Bank of the Ozarks, Little Rock, AR and will be available immediately. The former The Park Avenue Bank locations will reopen as branches of Bank of the Ozarks during regular business hours.
   
   
   
5. On Friday, April 29, 2011, Community Central Bank, Mount Clemens, MI was closed by the Michigan Office of Financial and Insurance Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
   
   All deposit accounts, excluding Cede & Co. deposits, have been transferred to Talmer Bank & Trust, Troy, MI and will be available immediately. The former Community Central Bank locations will reopen as branches of Talmer Bank & Trust during regular business hours.
   

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