In the U.S., the Third Banking Institution Went Bankrupt Since 2015

In the U.S., the third bank was closed since January 1, 2015 - Capitol City Bank & Trust Company activity was halted by Georgia regulators, FDIC (Deposit Insurance Corporation) reported.

The entire volume of assets and deposits of this banking institution will go over to the First-Citizens Bank & Trust Company of North Carolina, according to the FDIC agreement. The amount of assets of the bankrupt Capitol City Bank & Trust was around $272.3 million, on December 2014.

During the period of the last year, the number of bankrupt banking institutions in the U.S. was minimal, since 2007, reaching 18 to 24 banks by the results of 2013. The liquidation procedure undergone only three U.S. banks in 2007, but in 2010 the bankrupt went 157 banks.

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