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Twin City Bank, Longview, Washington, Assumes All of the Deposits of Hometown National Bank, Longview, Washington — 2015-10-02

Hometown National Bank, Longview, Washington, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit…

Archiv · 2015-10-02

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Hometown National Bank, Longview, Washington, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Twin City Bank, Longview, Washington, to assume all of the deposits of Hometown National Bank. The sole branch of Hometown National Bank will reopen as a branch of Twin City Bank during its normal business hours. Depositors of Hometown National Bank will automatically become depositors of Twin City Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.

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