WASHINGTON, April 10 (Reuters) - The Federal Deposit Insurance Corp said in a statement on Friday:
* U.S. regulators closed Cape Fear Bank of Wilmington, NC
* First Federal Savings and Loan Association of Charleston acquires all deposits of Cape Fear Bank
* Cape Fear Bank had total assets of $492 million, total deposits of $403 million as of March 31
* Cape Fear Bank Is 22nd U.S. bank to fail this year
* Failure of Cape Fear Bank expected to cost insurance fund about $131 million
(Reporting by Karey Wutkowski)
(Company news desk in Washington; +1 202 898 8400, washington.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* U.S. regulators closed Cape Fear Bank of Wilmington, NC
* First Federal Savings and Loan Association of Charleston acquires all deposits of Cape Fear Bank
* Cape Fear Bank had total assets of $492 million, total deposits of $403 million as of March 31
* Cape Fear Bank Is 22nd U.S. bank to fail this year
* Failure of Cape Fear Bank expected to cost insurance fund about $131 million
(Reporting by Karey Wutkowski)
(Company news desk in Washington; +1 202 898 8400, washington.newsroom@reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.