New York bank fails in rare Thursday closure, 27th bank failure of 2010
By Joe Brooks
NEW YORK (BNO NEWS) — Federal regulators on Thursday closed the LibertyPointe Bank in New York, marking the 27th U.S. bank failure of 2010.
The LibertyPointe Bank was closed by the New York State Banking Department after its regular closing time on Thursday. The Federal Deposit Insurance Corporation (FDIC) was appointed as receiver following its closure, which immediately entered into a purchase and assumption agreement with the New Jersey-based Valley National Bank in Wayne to assume all of the failed bank’s deposits.
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