The FDIC announces it's closing down Lydian Private Bank in Florida - adding to a failure...

|By:, SA News Editor

The FDIC announces it's closing down Lydian Private Bank in Florida - adding to a failure announced yesterday and bringing the annual total to 66. The FDIC's fund used to pay off insured depositors just recently returned to the black, setting off bankers eager to get their hands back on extra premiums used to keep the FDIC solvent.