by Calculated Risk on 10/07/2011 07:10:00 PM
Friday, October 07, 2011
Bank Failures #75 & 76 in 2011
Here are the earlier employment posts (with graphs):
• September Employment Report: 103,000 Jobs, 9.1% Unemployment Rate
• Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
• Duration of Unemployment, Unemployment by Education and Diffusion Indexes
• Employment graph gallery
From the FDIC: Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of the RiverBank, Wyoming, Minnesota
As of June 30, 2011, The RiverBank had approximately $417.4 million in total assets and $379.3 million in total deposits.From the FDIC: Great Southern Bank, Springfield, Missouri, Assumes All of the Deposits of Sun Security Bank, Ellington, Missouri
...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $71.4 million. ... The RiverBank is the 75th FDIC-insured institution to fail in the nation this year
As of June 30, 2011, Sun Security Bank had approximately $355.9 million in total assets and $290.4 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $118.3 million. ... Sun Security Bank is the 76th FDIC-insured institution to fail in the nation this year, and the first in Missouri.