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Bank failure in Florida brings 2012 total to 44
WASHINGTON (AP) -- Regulators say they have closed a small bank in Florida, bringing to 44 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. on Friday seized GulfSouth Private Bank, based in Destin, Fla.
The bank had about $159.1 million in assets and $151.1 million in deposits as of June 30.
SmartBank, based in Pigeon Forge, Tenn., agreed to assume all of the deposits and purchase essentially all of the failed lender's assets.
The failure of GulfSouth Private Bank, which had four branches, is expected to cost the deposit insurance fund $36.1 million.
GulfSouth Private Bank is the sixth FDIC-insured institution in Florida to fail this year.
Posted: Sunday, October 21 2012, 12:56 PM CDT
IN OKLAHOMA NEWS
Okla. court upholds life sentence in uncle's death
May 17, 2013 21:34 GMT
OKLAHOMA CITY (AP) -- An Oklahoma appeals court has upheld the life prison sentence of a 38-year-old man who was convicted of first-degree murder for shooting his uncle to death.
The Oklahoma Court of Criminal Appeals handed down the decision Friday in the case of Patrick Shane Yargee. A jury in Tulsa County found Yargee guilty in the 2010 shooting death of 48-year-old David Willie Harjo.
Authorities alleged that Yargee shot Harjo eight times in a residence in northern Tulsa. Reports filed in the case indicate that the two men had an argument involving a woman before the shooting.
The five-judge court unanimously rejected Yargee's claims that he was denied a fair trial.
Yargee's defense attorney, Stuart Southerland of the Tulsa County Public Defender's Office, did not immediately return a telephone call seeking comment.
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From the FOX 25 First Forecast Center..
Hello everyone...Stay tuned to the weather this weekend as Tornado Alley will come to life with isolated to scattered severe t'storms from time to time. ...
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BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
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AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
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ON THIN ICE?
ANCHORAGE, Alaska (AP) -- He was already on thin ice with the law when he failed to meet the conditions of his probation.