Bushonomics is sound policy. You can bank on it.
The Federal Deposit Insurance Corp. was appointed as receiver of First Integrity National Association of Staples, 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.
Via Profiles Blog.