Regulators close Wyoming bank
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.
Recent comments
when you have 70 million in assets and 67 million in deposits? More...
How can you fail | July 11, 2009 at 12:42 p.m.
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53 Down | July 11, 2009 at 10:15 a.m.
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