by Calculated Risk on 4/16/2010 08:50:00 PM

A dog eat dog world
Now banks eat banks nationwide.
Ms. Bair = Ms. PacMan?
by Soylent Green is People
From the FDIC: Union Bank, National Association, San Francisco, California, Assumes All Of The Deposits Of Tamalpais Bank, San Rafael, California

As of December 31, 2009, Tamalpais Bank had approximately $628.9 million in total assets and $487.6 million in total deposits.
...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $81.1 million. ... Tamalpais Bank is the 49th FDIC-insured institution to fail in the nation this year, and the third in California. The last FDIC-insured institution closed in the state was Innovative Bank, Oakland, earlier today.

This bank made some really bad CRE loans, see from David Johnson: When smart money said "no more," not-so-smart Marin bank loaned the Lembis $41 million.