by Calculated Risk on 10/14/2011 05:33:00 PM
Friday, October 14, 2011
Bank Failures #77 through 79: In Georgia, North Carolina and New Jersey
It's banker hunting season
Throughout the states South
by Soylent Green is People
From the FDIC: State Bank and Trust Company, Macon, Georgia, Assumes All of the Deposits of Piedmont Community Bank, Gray, Georgia
As of June 30, 2011, Piedmont Community Bank had approximately $201.7 million in total assets and $181.4 million in total depositsFrom the FDIC: Bank of North Carolina, Thomasville, North Carolina, Assumes All of the Deposits of Blue Ridge Savings Bank, Inc., Asheville, North Carolina
...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $71.6 million. ... Piedmont Community Bank is the 77th FDIC-insured institution to fail in the nation this year, and the twentieth in Georgia.
As of June 30, 2011, Blue Ridge Savings Bank, Inc. had approximately $161.0 million in total assets and $158.7 million in total deposits.From the FDIC: Northfield Bank, Staten Island, New York, Assumes All of the Deposits of First State Bank, Cranford, New Jersey
...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $38.0 million. ... Blue Ridge Savings Bank, Inc. is the 78th FDIC-insured institution to fail in the nation this year, and the second in North Carolina.
As of June 30, 2011, First State Bank had approximately $204.4 million in total assets and $201.2 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $45.8 million. ... First State Bank is the 79th FDIC-insured institution to fail in the nation this year, and the first in New Jersey.Another bank in Georgia - and a pretty large percentage loss too!