RSS Feed by Calculated Risk on 3/26/2010 06:07:00 PM
Friday, March 26, 2010
Bank Failures #38, #39 and #40: Florida and Georgia
Banks versus Bair's big sluggers
First inning triple.
by Soylent Green is People
From the FDIC: CharterBank, West Point, Georgia, Assumes All of the Deposits of McIntosh Commercial Bank, Carrollton, Georgia
McIntosh Commercial Bank, Carrollton, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...From the FDIC: Centennial Bank, Conway, Arkansas, Assumes All of the Deposits of Key West Bank, Key West, Florida
As of December 31, 2009, McIntosh Commercial Bank had approximately $362.9 million in total assets and $343.3 million in total deposits. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $123.3 million. ... McIntosh Commercial Bank is the 38th FDIC-insured institution to fail in the nation this year, and the sixth in Georgia. The last FDIC-insured institution closed in the state was Bank of Hiawassee, Hiawassee, on March 19, 2010.
Key West Bank, Key West, Florida, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...From the FDIC: Bank of the Ozarks, Little Rock, Arkansas, Assumes All of the Deposits of Unity National Bank, Cartersville, Georgia
As of December 31, 2009, Key West Bank had approximately $88.0 million in total assets and $67.7 million in total deposits....
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $23.1 million. ... Key West Bank is the 39th FDIC-insured institution to fail in the nation this year, and the sixth in Florida. The last FDIC-insured institution closed in the state was Old Southern Bank, Orlando, on March 12, 2010.
Unity National Bank, Cartersville, Georgia, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver....It is Friday!
As of December 31, 2009, Unity National Bank had approximately $292.2 million in total assets and $264.3 million in total deposits. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $67.2 million. ... Unity National Bank is the 40th FDIC-insured institution to fail in the nation this year, and the seventh in Georgia. The last FDIC-insured institution closed in the state was McIntosh Commercial Bank, Carrollton, earlier today.
