Tweet
First Priority is eighth bank to fail this year
By Wallace Witkowski
Last update: 6:40 p.m. EDT Aug. 1, 2008
SAN FRANCISCO (MarketWatch) -- First Priority Bank of Bradenton, Fla. was closed by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation was named receiver, the FDIC said late Friday. The closure marks the eighth U.S. bank failure this year. SunTrust Bank SunTrust Banks, Inc News, chart, profile, more Last: 42.01+0.95+2.31% (STI:![]()
STI 42.01, +0.95, +2.3%) will assume about $225 million in insured deposits of First Priority.
By Wallace Witkowski
Last update: 6:40 p.m. EDT Aug. 1, 2008
SAN FRANCISCO (MarketWatch) -- First Priority Bank of Bradenton, Fla. was closed by the Commissioner of the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation was named receiver, the FDIC said late Friday. The closure marks the eighth U.S. bank failure this year. SunTrust Bank SunTrust Banks, Inc News, chart, profile, more Last: 42.01+0.95+2.31% (STI: