FDIC-Insured Bank Failures in Florida, Minnesota and Tennessee Raise Total to 7 in 2012 (Jan. 27, 2012)

The Federal Deposit Insurance Corporation has announced the closure of four more institutions covered by the Deposit Insurance Fund.  Details of the closures are as follows:

First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, FL, was closed by the Florida Office of Financial Regulation.

Patriot Bank Minnesota, Forest Lake, MN, was closed by the Minnesota Department of Commerce.

Tennessee Commerce Bank, Franklin, TN, was closed by the Tennessee Department of Financial Institutions.

BankEast, Knoxville, TN, was closed by the Tennessee Department of Financial Institutions.

FDIC Failed Bank List (Since Oct. 1, 2000).