NEW YORK (
) -- State regulators late Friday afternoon closed
Glasgow Savings Bank
Glasgow, Mo., bringing this year's total number of bank failures to 33.
The failed bank was previously included in
Bank Watch List
institutions, based on regulatory data provided by
Thomson Reuters Bank Insight
Glasgow Savings Bank had $24.8 million in total assets and $24.2 million in deposits when it was seized by the Missouri Division of Finance. The Federal Deposit Insurance Corp. was appointed receiver and sold the failed institution to
Regional Missouri Bank
The failed office was scheduled to reopen Saturday as a branch of Regional Missouri Bank.
The FDIC estimated that the cost of Glasgow Savings Bank's failure to the deposit insurance fund would be about $100,000.
Glasgow Savings Bank was the first Missouri institution to fail this year.
leads all states with six bank failures during 2012, followed by
, which have each seen four banks or thrifts fail this year.
Written by Philip van Doorn in Jupiter, Fla.