ANB Financial N.A., a Bentonville, Ark.-based bank, has been closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. has been named receiver, the FDIC said late Friday. The failure of ANB Financial marks the third bank failure of the year, following the closure of Hume, Mo.-based Hume Bank in early March. See related story. The FDIC said in a statement that while ANB Financial’s failure is the third FDIC-insured institution to be closed so far in 2008, there were a total of three such closures last year. The FDIC said that ANB Financial’s nine offices will reopen Monday as branches of Little Rock, Ark.-based Pulaski Bank and Trust Co., which will assume all of ANB Financial’s depositors. ANB Financial had $2.1 billion in assets and $1.8 billion in total deposits as of Jan. 31, the FDIC said.
Source: marketwatch.com via politisite
Tags: bank | Bentonville | CORP | Deposit | federal | Little Rock | marks | pulaski | trust | billion | Closed | closure | comptroller | currency | depositors | failure | FDIC | Fdic-insured | financial | Institution | insurance | office | Tech & Biz | year
