From Deseret News archives:

Regulators close Wyoming bank

Published: Saturday, July 11, 2009 12:00 a.m. MDT
PRINT | FONT + - 

NEW YORK (AP) — Regulators on Friday shut Bank of Wyoming, marking the 53rd failure this year of a federally insured bank.

The Federal Deposit Insurance Corp. was appointed receiver of the failed bank, based in Thermopolis, Wyo. It had $70 million in assets and $67 million in deposits as of June 30.

The FDIC says Central Bank & Trust of Lander, Wyo., will assume all deposits and purchase about $55 million in assets. The FDIC will retain the remaining assets to sell later.

About this ad

View Comments

DeseretNews.com encourages a civil dialogue among its readers. We welcome your thoughtful comments.

– About Comments

rss icon

Recommended in Business

Story

The company, EyeGuardian, allows parents to keep tabs on all of their children's Facebook activity.

Story

Auto repair workers stood in the aisles of a packed room Thursday to tell lawmakers they feared for their jobs.

Story

The recent mortgage settlement totaled about $25 billion. See which states get the biggest chunks of money.