by Calculated Risk on 6/08/2012 05:11:00 PM

First June lead balloon.
Capital base denuded
Bank apprehended.
by Soylent Green is People
From the FDIC: F & M Bank, Edmond, Oklahoma, Assumes All of the Deposits of First Capital Bank, Kingfisher, Oklahoma

As of March 31, 2012, First Capital Bank had approximately $46.1 million in total assets and $44.8 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $5.6 million. ... First Capital Bank is the 25th FDIC-insured institution to fail in the nation this year, and the first in Oklahoma.

The FDIC gets back to work ...