by Calculated Risk on 4/26/2013 06:56:00 PM
Friday, April 26, 2013
Bank Failures #9 & 10 in 2013: North Carolina and Georgia
From the FDIC: CertusBank, National Association, Easley, South Carolina, Assumes All of the Deposits of Parkway Bank, Lenoir, North Carolina
As of December 31, 2012, Parkway Bank had approximately $108.6 million in total assets and $103.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $18.1 million. ... Parkway Bank is the ninth FDIC-insured institution to fail in the nation this year, and the first in North Carolina.From the FDIC: Hamilton State Bank, Hoschton, Georgia, Assumes All of the Deposits of Douglas County Bank, Douglasville, Georgia
As of December 31, 2012, Douglas County Bank had approximately $316.5 million in total assets and $314.3 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $86.4 million. ... Douglas County Bank is the 10th FDIC-insured institution to fail in the nation this year, and the second in Georgia.Two more ... it is Friday!