Waterford Village Bank, Clarence, New York

The FDIC is on the move. Waterford Village Bank, Clarence, New York, became the 58th bank to close in 2009.

Waterford Village Bank of Clarence, New York, was seized by state regulators, pushing the toll of failed U.S. lenders to 58 this year, the most since 1992.

The bank, with $61.4 million in assets and $58 million in deposits as of March 31, was closed today by the New York State Banking Department, according to a statement released by the Federal Deposit Insurance Corp., which was named receiver.

The failure is expected to cost the FDIC’s deposit insurance fund $5.6 million. Please do not hesitate to visit the FDIC web page for Waterford Village Bank.

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