by Calculated Risk on 10/23/2009 05:07:00 PM
Friday, October 23, 2009
Bank Failure #100: Partners Bank, Naples, Florida
The pig still in the python
Working its way through.
by Soylent Green is People
FDIC Press Release:
Partners Bank, Naples, Florida, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...Just a minnow, but it counts.
As of September 30, 2009, Partners Bank had total assets of $65.5 million and total deposits of approximately $64.9 million. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $28.6 million. ... Partners Bank is the 100th FDIC-insured institution to fail in the Nation this year, and the seventh in Florida. The last FDIC-insured institution closed in the state was Community National Bank of Sarasota County, Venice, on August 7, 2009.