by Calculated Risk on 7/08/2011 08:02:00 PM

Signature panic
"Where can we turn for more cash?"
Go Points West, young man.
by Soylent Green is People
From the FDIC: Points West Community Bank, Julesburg, Colorado, Assumes All of the Deposits of Signature Bank, Windsor, Colorado

As of March 31, 2011, Signature Bank had approximately $66.7 million in total assets and $64.5 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.3 million. ... Signature Bank is the 51st FDIC-insured institution to fail in the nation this year, and the 4th in Colorado.