The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Smiling Bob who wrote (126150)	5/30/2008 7:12:29 PM
From: Skywatcher	Read Replies (4) of 306849

Bank regulators shutter First Integrity bank 13 minutes ago (AP:WASHINGTON) Federal regulators are shutting down a small, failed Minnesota bank called First Integrity. The Federal Deposit Insurance Agency on Friday was appointed as receiver of First Integrity National Association of Staples, Minn., which had $54.7 million in assets and $50.3 million in deposits as of March 31. The FDIC said all the bank's deposits will be assumed by First International Bank and Trust of Watford City, N.D. Its two offices will reopen Saturday as branches of First International. Depositors of First Integrity will continue to have full access to their deposits, the agency said. It was the fourth failure this year of an FDIC-insured bank.

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