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Friday, February 04, 2011

Bank Failure #14 for 2011: Community First Bank – Chicago

by Calculated Risk on 2/04/2011 09:20:00 PM

Here are the earlier employment posts (with graphs):
January Employment Report: 36,000 Jobs, 9.0% Unemployment Rate
Employment Summary and Part Time Workers, Unemployed over 26 Weeks
• Daily Color: Two Employment Surveys, Different Results
Duration of Unemployment, Unemployment by Education, Diffusion Indexes
Employment Graph Gallery

Furious Winter
Cold hard cash assets frozen
Till White Knight appears.

by Soylent Green is People

From the FDIC: Northbrook Bank and Trust Company, Northbrook, Illinois, Assumes All of the Deposits of Community First Bank – Chicago, Chicago, Illinois
As of December 31, 2010, Community First Bank – Chicago had approximately $51.1 million in total assets and $49.5 million in total deposits.... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.7 million.