Bank of Wyoming Shut Down by Feds
July 10, 2009 by Stephen Kersey
Filed under Business
For the 53rd time in 2009, United States federal regulators have shut down a bank. This time, it was Bank of Wyoming based in the Wyoming city of Thermopolis.
The FDIC has decided that all deposit accounts will be given to Central Bank & Trust. Located in Lander, Wyoming, Central Bank & Trust will also convert Bank of Wyoming’s lone branch to one of their own.
If you had an account with Bank of Wyoming, your account will automatically be transferred to Central Bank & Trust. If you have questions, regulators urge you to call 1-866-806-6128.
Heading into July, the FDIC says that Bank of Wyoming had $67 million in deposits and nearly the same amount in assets. According to the FDIC, this bank failure will cost nearly $30 million.
In 2007 and 2008 combined, federal regulators shut down 28 banks. This year, that number has almost doubled.
FDIC (Image: Flickr)
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