Bank Failure Friday

Another Friday, another bank closure, but hey it was only one this week.-Lou

Wyoming bank is 53rd failure of 2009, 1st in state since 1991

SAN FRANCISCO (MarketWatch) -- Thermopolis, Wyo.-based Bank of Wyoming was closed by regulators Friday, the 53rd U.S. bank failure of 2009 as the credit crisis continues to claim victims.

Lander, Wyo.-based Central Bank & Trust has agreed to assume the failed bank's deposits, according to the Federal Deposit Insurance Corporation.

Bank of Wyoming, the first FDIC-insured bank in that state to fail since 1991, had $70 million in assets and $67 million in deposits as of June 30, the FDIC said.

The FDIC estimated that the cost of the bank's failure to its deposit insurance fund will be $27 million.