Bank of Wyoming Fails Bringing Year’s Total To 53

Thermopolis, Wyoming-based Bank of Wyoming was closed by regulators Friday, marking the 53rd U.S. bank failure this year.

From FDIC:

As of June 30, 2009, Bank of Wyoming had total assets of $70 million and total deposits of approximately $67 million. In addition to assuming all of the deposits of the failed bank, Central Bank and Trust agreed to purchase approximately $55 million of assets. The FDIC will retain any remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $27 million. Central Bank & Trust’s acquisition of all the deposits was the “least costly” resolution for the FDIC’s DIF compared to alternatives.

Central Bank & Trust will purchase all deposits, except $8 million in brokered deposits, held by Bank of Wyoming.

List of Failed Banks Oct. 1, 2000 –  Present

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