Five Failed Banks Closed On July 30

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re in four states – Florida, Georgia, Washington and Oregon – and the Federal Deposit Insurance Corp. immediately sold their deposits and branches to other banks.

Those branches reopened this morning under the management of their new owners

The failed banks are:

LibertyBank, of Eugene, Ore., which was sold to Home Federal Bank, which is based in Nampa, Idaho.


Cowlitz Bank
, of Longview, Wash., which was sold to Heritage Bank, which is based in Olympia, Wash.

Coastal Community Bank, of Panama City Beach, Fla., which was sold to Centennial Bank, which is based in Conway, Ark..

Bayside Savings Bank, of Port Saint Joe, Fla., which was also sold to Centennial Bank.

NorthWest Bank & Trust, of Acworth, Ga., which was sold to State Bank and Trust Co., which is based in Macon, Ga..




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