by Calculated Risk on 12/13/2013 07:52:00 PM
Friday, December 13, 2013
Bank Failure #24 in 2013: Texas Community Bank, National Association, The Woodlands, Texas
As of September 30, 2013, Texas Community Bank, National Association had approximately $160.1 million in total assets and $142.6 million in total deposits.This might be the last failure this year, and that would make the number of failures this year the least since 2007 when only 3 banks failed (25 banks failed in 2008 - so this year will be close to 2008, and 51 banks failed last year).
...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.8 million. ... Texas Community Bank, National Association is the 24th FDIC-insured institution to fail in the nation this year, and the second in Texas.