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The First Failed Banks of 2011

Posted by OnCourse Staff January 11, 2011 9:36am

Photo Credit: FDIC

Two banks were closed by regulators on Friday, January 7, 2011 - starting off the new year with the first new financial institution failures.

Legacy Bank of Scotsdale, Arizona was closed by the Arizona Department of Financial Institutions with the FDIC named receiver. Meanwhile, First Commercial Bank of Florida in Orlando, Florida was closed by the Florida Office of Financial Regulation, with the FDIC named receiver. [FDIC] [FDIC]

 

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