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FDIC closes small bank in Pennsylvania
WASHINGTON (AP) -- Regulators say they have closed a small bank in Pennsylvania, bringing to 47 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. on Friday seized NOVA Bank, based in Berwyn, Pa.
The bank had about $483 million in assets and $432.2 million in deposits as of June 30.
The FDIC says it was unable to find a financial institution to take over the failed bank's operations, so it will retain NOVA's assets for later disposition.
Regulators did line up National Penn Bank to accept NOVA's direct deposits from the federal government, including Social Security payments, through Jan. 25.
The failure of NOVA Bank is expected to cost the deposit insurance fund $91.2 million.
The lender is the second FDIC-insured institution in Pennsylvania to fail this year.
Posted: Sunday, October 28 2012, 01:18 PM CDT
IN OKLAHOMA NEWS
Education board to consider waivers for Moore
May 23, 2013 01:15 GMT
OKLAHOMA CITY (AP) -- The Oklahoma State Board of Education is expected to consider waivers for public schools in the tornado-ravaged community of Moore.
The State Board of Education meets Thursday in Oklahoma City. It's slated to consider waivers for Moore Public Schools relating to instructional days and filing deadlines for certain reports.
The Central Oklahoma chapter of the American Red Cross is also expected to attend the meeting to discuss storing donated supplies after a monstrous tornado hit Moore Monday and killed 24 people, including 10 children.
Seven of the children were pulled from the rubble of the Plaza Towers Elementary School in Moore.
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From the FOX 25 First Forecast Center..Hello everyone...It's a nice evening weather wise with clear skies, pleasant temps and light winds. However our next front / upper disturbance coming in next couple of days with more clouds, scattered showers and t'storms and mild temps for May. ...
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
IN THE NEWS: TEENS MOVING TO TWITTER TO DODGE PARENTS, OTHER BORES
WASHINGTON (AP) -- If you're one of those parents who are on Facebook in part to keep an eye on what your kids are up to -- here's a news flash: your kids are on to you and have moved to Twitter.
DOG BEACH WEAR
LOS ANGELES (AP) -- From bikinis to Hawaiian shirts -- it's time to gear up for the beach.