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Marco Community Bank is 17th to close in 2010
LOS ANGELES (MarketWatch) -- Marco Community Bank (OTC:MCBN) of Marco Island, Fla., became the 17th bank shut down in 2010, the Federal Deposit Insurance Corp. said in a press release issued late Friday. The FDIC entered into a purchase and assumption agreement with privately held Mutual of Omaha Bank. Mutual of Omaha will assume all the deposits of Marco. Marco Community had $119.6 million in assets and $117.1 million in deposits as of Dec. 31. Mutual of Omaha entered into a loss-share agreement on $104.8 million of Marco's assets, the FDIC said. Marco depositors can access their money via checks or debit cards Friday night and over the weekend, the agency added.