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Danno13

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Bank failure

posted on Apr 26, 2009 02:02AM

Idaho bank is fourth closed in a single day

By John Letzing

Last update: 8:16 p.m. EDT April 24, 2009

Comments: 77

SAN FRANCISCO (MarketWatch) -- Ketchum, Idaho-based First Bank of Idaho became the fourth bank closed by regulators Friday, as the credit crisis continued claiming victims. The Federal Deposit Insurance Corp. said Minneapolis-based U.S. Bank (USB:

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USB 18.97, +0.60, +3.3%) has assumed the failed bank's deposits. First Bank of Idaho had $374 million in deposits as of Dec. 31, the FDIC said. The bank's closure follows that of other banks in Georgia, Michigan and California on Friday.