by Calculated Risk on 11/04/2011 07:11:00 PM

American banks
No E.U. to bail them out.
We are not Sparta!
by Soylent Green is People
From the FDIC: Purdum State Bank, Purdum, Nebraska, Assumes All of the Deposits of Mid City Bank, Inc., Omaha, Nebraska

As of September 30, 2011, Mid City Bank, Inc. had approximately $106.1 million in total assets and $105.5 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $12.7 million. ... Mid City Bank, Inc. is the 86th FDIC-insured institution to fail in the nation this year, and the first in Nebraska.

From the FDIC: Cache Valley Bank, Logan, Utah, Assumes Deposits of SunFirst Bank, Saint George, Utah

As of September 30, 2011, SunFirst Bank had approximately $198.1 million in total assets and $169.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $49.7 million. ... SunFirst Bank is the 87th FDIC-insured institution to fail in the nation this year, and the first in Utah

It is Friday!