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GulfSouth Private Bank of Destin, Florida becomes the 44th bank failure of the year and sixth in...

  • Friday, October 19, 2012, 5:53 PM ET
    GulfSouth Private Bank of Destin, Florida becomes the 44th bank failure of the year and sixth in the state of Florida. SmartBank of Pigeon Forge, Tennessee will assume all deposits. As of June 30, GulfSouth Private had abouth $159.1M in assets and $151.1M in deposits.
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    "The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $36.1 million."

    http://1.usa.gov/QCWsg0
    19 Oct 2012, 05:55 PM Reply Like
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