aross
Nuovo forumer
a bene, dunque.. a roma ha fatto la bella vita...bravo , bravo Quando si dice che a Roma puoi avere sette vite
S&P 500 Fallimenti banche USA (1 Viewer)
- Creatore Discussione gipa69
- Data di Inizio
paologorgo
Chapter 11
A bit of news to go with this week’s failures. FDIC may be planning to revise loss-share agreements it signs with the acquirers of failed banks. From Paul Miller at FBR Research:
On to tonight’s failures….(read up from the bottom and be sure to check back for updates).
#41
–Failed bank: Desert Hills Bank, Phoenix AZ
–Regulator: Arizona Department of Financial Institutions
–Acquiring bank: New York Community Bank, Westbury NY
–Vitals: at 12/31, assets of $496.6 million, deposits of $426.5 million
–Transaction: loss-share on $325.9 million assets
–Estimated DIF damage: $106.7 million
#40
–Failed bank: Unity National Bank, Cartersville GA
–Regulator: OCC
–Acquiring bank: Bank of the Ozarks, Little Rock AR
–Vitals: at 12/31, assets of $292.2 million, deposits of $264.3 million
–Transaction: loss-share on $206.1 million assets
–Estimated DIF damage: $67.2 million
#39
–Failed bank: Key West Bank, Key West FL
–Regulator: OTS
–Acquiring bank: CharterBank, West Point GA
–Vitals: at 12/31, assets of $362.9 million, deposits of $343.3 million
–Transaction: loss-share on $263.1 million assets
–Estimated DIF damage: $123.3 million
#38
–Failed bank: McIntosh Commercial Bank, Carrollton GA
–Regulator: Georgia Department of Banking and Finance
–Acquiring bank: Centennial Bank, Conway AR
–Vitals: at 12/31, assets of $88.0 million, deposits of $67.7 million
–Transaction: loss-share on $75.8 million assets
–Estimated DIF damage: $23.1 million
Bank failure Friday | Analysis & Opinion | Reuters
We expected 95/5 loss sharing to be eliminated at some point as acquirers gained better clarity into the actual losses on these portfolios, and acquirers’ bids on failed banks have become more competitive in recent months as that clarity into losses materialized. When elmination of 95/5 becomes effective, the FDIC loss-sharing agreement will be 80/20 for the entire loan portfolio.
The change to the loss-sharing agreement will have the biggest impact on the FDIC, in our view, as it will simplify failed bank transactions for them. Regulators will no longer have to use resources to determine where the appropriate 80/20 to 95/5 loss sharing thresholds should lie, and on the margin the cost to the deposit insurance fund (DIF) should decrease as the FDIC will absorb a lesser percentage of losses on really bad portfolios.
For details on loss sharing, see here.The change to the loss-sharing agreement will have the biggest impact on the FDIC, in our view, as it will simplify failed bank transactions for them. Regulators will no longer have to use resources to determine where the appropriate 80/20 to 95/5 loss sharing thresholds should lie, and on the margin the cost to the deposit insurance fund (DIF) should decrease as the FDIC will absorb a lesser percentage of losses on really bad portfolios.
On to tonight’s failures….(read up from the bottom and be sure to check back for updates).
#41
–Failed bank: Desert Hills Bank, Phoenix AZ
–Regulator: Arizona Department of Financial Institutions
–Acquiring bank: New York Community Bank, Westbury NY
–Vitals: at 12/31, assets of $496.6 million, deposits of $426.5 million
–Transaction: loss-share on $325.9 million assets
–Estimated DIF damage: $106.7 million
#40
–Failed bank: Unity National Bank, Cartersville GA
–Regulator: OCC
–Acquiring bank: Bank of the Ozarks, Little Rock AR
–Vitals: at 12/31, assets of $292.2 million, deposits of $264.3 million
–Transaction: loss-share on $206.1 million assets
–Estimated DIF damage: $67.2 million
#39
–Failed bank: Key West Bank, Key West FL
–Regulator: OTS
–Acquiring bank: CharterBank, West Point GA
–Vitals: at 12/31, assets of $362.9 million, deposits of $343.3 million
–Transaction: loss-share on $263.1 million assets
–Estimated DIF damage: $123.3 million
#38
–Failed bank: McIntosh Commercial Bank, Carrollton GA
–Regulator: Georgia Department of Banking and Finance
–Acquiring bank: Centennial Bank, Conway AR
–Vitals: at 12/31, assets of $88.0 million, deposits of $67.7 million
–Transaction: loss-share on $75.8 million assets
–Estimated DIF damage: $23.1 million
Bank failure Friday | Analysis & Opinion | Reuters
c0ltran3
Forumer attivo
FDIC Bank Failure #42: Beach First National Bank, Myrtle Beach, South Carolina
by CalculatedRisk on 4/09/2010 05:10:00 PM
The beach gets bigger
When the tide it does recede
Taxpayers stranded
by Rob Dawg
From the FDIC: Bank of North Carolina, Thomasville, North Carolina, Assumes All of the Deposits of Beach First National Bank, Myrtle Beach, South Carolina
Beach First National Bank, Myrtle Beach, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...
As of December 31, 2009, Beach First National Bank had approximately $585.1 million in total assets and $516.0 million in total deposits. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $130.3 million. ... Beach First National Bank is the 42nd FDIC-insured institution to fail in the nation this year, and the first in South Carolina. The last FDIC-insured institution closed in the state was Victory State Bank, Columbia, on March 26, 1999.
by CalculatedRisk on 4/09/2010 05:10:00 PM
The beach gets bigger
When the tide it does recede
Taxpayers stranded
by Rob Dawg
From the FDIC: Bank of North Carolina, Thomasville, North Carolina, Assumes All of the Deposits of Beach First National Bank, Myrtle Beach, South Carolina
Beach First National Bank, Myrtle Beach, South Carolina, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...
As of December 31, 2009, Beach First National Bank had approximately $585.1 million in total assets and $516.0 million in total deposits. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $130.3 million. ... Beach First National Bank is the 42nd FDIC-insured institution to fail in the nation this year, and the first in South Carolina. The last FDIC-insured institution closed in the state was Victory State Bank, Columbia, on March 26, 1999.
gipa69
collegio dei patafisici
Pioggia di fallimenti questa settimana:
Reporting from somewhere over Louisiana (Delta in-flight WiFi = very cool). Big bank failure news far tonight is a coordinated closure of three banks that involves three different regulators and a 50%/50% loss share agreement with FDIC and the acquiring bank. Typical loss-shares had been 95/5 and the news was they were going to 80/20. Here the FDIC has apparently secured a deal to share losses equally.
#43
—Failed bank: Lakeside Community Bank, Sterling Heights MI
—Regulator: Michigan Office of Financial and Insurance Regulation
—Acquiring bank: None
—Transaction: payout transaction
—Vitals: assets of $53 million, deposits of $52.3 million
—Estimated DIF damage: $11.3 million
#44
—Failed bank: AmericanFirst Bank, Clermont FL
—Regulator: Florida Office of Financial Regulation
—Acquiring bank: TD Bank, National Association, Wilmington DE
—Transaction: 50/50 loss share on total of $2.2 billion of assets among three institutions
—Vitals: assets of $90.5 million, deposits of $81.9 million
—Estimated DIF damage: $10.5 million
#45
—Failed bank: First Federal Bank of North Florida
—Regulator: OTS
—Acquiring bank: TD Bank NA
—Transaction: 50/50 loss share on total of $2.2 billion of assets among three institutions
—Vitals: assets of $393.3 million, deposits of $324.2 million
—Estimated DIF damage: $6.0 million (one of the smallest loss rates as % of assets since WaMu cost the DIF $0)
#46
—Failed bank: Riverside National Bank of Florida
—Regulator: OCC
—Acquiring bank: TD Bank NA
—Transaction: 50/50 loss share on total of $2.2 billion of assets among three institutions
—Vitals: assets of $3.42 billion, deposits of $2.76 billion
—Estimated DIF damage: $491.8 million
#47
—Failed bank: Butler Bank, Lowell MA
—Regulator: Massachusetts Division of Banks
—Acquiring bank: People’s United Bank, Bridgeport CT
—Transaction: loss share of $206 million of assets
—Vitals: assets of $268 million, deposits of $233.2 million
—Estimated DIF damage: $22.9 million
#48
—Failed bank: Innovative Bank, Oakland CA
—Regulator: California Department of Financial Institutions
—Acquiring bank: Center Bank, Los Angeles CA
—Transaction: loss share on $178.1 million
—Vitals: assets of $268.9 million, deposits of $225.2 million
—Estimated DIF damage: $37.8 million
#49
—Failed bank: Tamalpais Bank, San Rafael CA
—Regulator: California Department of Financial Institutions
—Acquiring bank: Union Bank, NA, San Francisco CA
—Transaction: loss share on $522.3 million of assets
—Vitals: assets of $628.9 million, deposits of $487.6 million
—Estimated DIF damage: $81.1 million
#50
—Failed bank: City Bank, Lynnwood WA
—Regulator: Washington Department of Financial Institutions
—Acquiring bank: Whidbey Island Bank, Coupeville WA
—Transaction: loss share on $455.6 million of assets
—Vitals: assets of $1.13 billion, deposits of $1.02 billion
—Estimated DIF damage: $323.4 million
Reporting from somewhere over Louisiana (Delta in-flight WiFi = very cool). Big bank failure news far tonight is a coordinated closure of three banks that involves three different regulators and a 50%/50% loss share agreement with FDIC and the acquiring bank. Typical loss-shares had been 95/5 and the news was they were going to 80/20. Here the FDIC has apparently secured a deal to share losses equally.
#43
—Failed bank: Lakeside Community Bank, Sterling Heights MI
—Regulator: Michigan Office of Financial and Insurance Regulation
—Acquiring bank: None
—Transaction: payout transaction
—Vitals: assets of $53 million, deposits of $52.3 million
—Estimated DIF damage: $11.3 million
#44
—Failed bank: AmericanFirst Bank, Clermont FL
—Regulator: Florida Office of Financial Regulation
—Acquiring bank: TD Bank, National Association, Wilmington DE
—Transaction: 50/50 loss share on total of $2.2 billion of assets among three institutions
—Vitals: assets of $90.5 million, deposits of $81.9 million
—Estimated DIF damage: $10.5 million
#45
—Failed bank: First Federal Bank of North Florida
—Regulator: OTS
—Acquiring bank: TD Bank NA
—Transaction: 50/50 loss share on total of $2.2 billion of assets among three institutions
—Vitals: assets of $393.3 million, deposits of $324.2 million
—Estimated DIF damage: $6.0 million (one of the smallest loss rates as % of assets since WaMu cost the DIF $0)
#46
—Failed bank: Riverside National Bank of Florida
—Regulator: OCC
—Acquiring bank: TD Bank NA
—Transaction: 50/50 loss share on total of $2.2 billion of assets among three institutions
—Vitals: assets of $3.42 billion, deposits of $2.76 billion
—Estimated DIF damage: $491.8 million
#47
—Failed bank: Butler Bank, Lowell MA
—Regulator: Massachusetts Division of Banks
—Acquiring bank: People’s United Bank, Bridgeport CT
—Transaction: loss share of $206 million of assets
—Vitals: assets of $268 million, deposits of $233.2 million
—Estimated DIF damage: $22.9 million
#48
—Failed bank: Innovative Bank, Oakland CA
—Regulator: California Department of Financial Institutions
—Acquiring bank: Center Bank, Los Angeles CA
—Transaction: loss share on $178.1 million
—Vitals: assets of $268.9 million, deposits of $225.2 million
—Estimated DIF damage: $37.8 million
#49
—Failed bank: Tamalpais Bank, San Rafael CA
—Regulator: California Department of Financial Institutions
—Acquiring bank: Union Bank, NA, San Francisco CA
—Transaction: loss share on $522.3 million of assets
—Vitals: assets of $628.9 million, deposits of $487.6 million
—Estimated DIF damage: $81.1 million
#50
—Failed bank: City Bank, Lynnwood WA
—Regulator: Washington Department of Financial Institutions
—Acquiring bank: Whidbey Island Bank, Coupeville WA
—Transaction: loss share on $455.6 million of assets
—Vitals: assets of $1.13 billion, deposits of $1.02 billion
—Estimated DIF damage: $323.4 million
bischer0tt0
mi sono già rotto
beh a questo punto potrebbe esserci un nesso tra il fallimento di queste banchette ed il rally di sp500
gipa69
collegio dei patafisici
Here’s the run down of tonight’s failures:
#51
–Failed bank: Amcore Bank, National Association, Rockford IL
–Regulator: OCC
–Acquiring bank: Harris National Association, Chicago IL
–Transaction: loss share covering $2.0 billion of assets
–Vitals: assets of $3.8 billion, deposits of $3.4 billion
–Estimated DIF damage: $220.3 million
#52
–Failed bank: Broadway Bank, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: MB Financial Bank, National Association, Chicago IL
–Transaction: loss share on $878.4 million
–Vitals: assets of $1.2 billion, deposits of $1.1 billion
–Estimated DIF damage: $394.3 million
#53
–Failed bank: Citizens Bank&Trust Company of Chicago, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: Republic Bank of Chicago, Oak Brook IL
–Transaction: Republic pays small premium for deposits, FDIC retains assets
–Vitals: assets of $77.3 million, deposits of $74.5 million
–Estimated DIF damage: $20.9 million
#54
–Failed bank: New Century Bank, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: MB Financial Bank, National Association, Chicago IL
–Transaction: loss share on $429.1 million of assets
–Vitals: assets of $485.6 million, deposits of $492.0 million
–Estimated DIF damage: $125.3 million
#55
–Failed bank: Lincoln Park Savings Bank, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: Northbrook Bank and Trust Company, Northbrook IL
–Transaction: loss share on $141.5 million of assets
–Vitals: assets of $199.9 million, deposits of $171.5 million
–Estimated DIF damage: $48.4 million
#56
–Failed bank: Peotone Bank and Trust Company, Peotone IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: First Midwest Bank, Itasca IL
–Transaction: loss share of $57.5 million of assets
–Vitals: assets of $130.2 million, deposits of $120.0 million
–Estimated DIF damage: $31.7 million
#57
–Failed bank: Wheatland Bank, Naperville IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: Wheaton Bank & Trust, Wheaton IL
–Transaction: loss share on $300.2 million
–Vitals: assets of $437.2 million, deposits of $438.5 million
–Estimated DIF damage: $133.0 million
#51
–Failed bank: Amcore Bank, National Association, Rockford IL
–Regulator: OCC
–Acquiring bank: Harris National Association, Chicago IL
–Transaction: loss share covering $2.0 billion of assets
–Vitals: assets of $3.8 billion, deposits of $3.4 billion
–Estimated DIF damage: $220.3 million
#52
–Failed bank: Broadway Bank, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: MB Financial Bank, National Association, Chicago IL
–Transaction: loss share on $878.4 million
–Vitals: assets of $1.2 billion, deposits of $1.1 billion
–Estimated DIF damage: $394.3 million
#53
–Failed bank: Citizens Bank&Trust Company of Chicago, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: Republic Bank of Chicago, Oak Brook IL
–Transaction: Republic pays small premium for deposits, FDIC retains assets
–Vitals: assets of $77.3 million, deposits of $74.5 million
–Estimated DIF damage: $20.9 million
#54
–Failed bank: New Century Bank, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: MB Financial Bank, National Association, Chicago IL
–Transaction: loss share on $429.1 million of assets
–Vitals: assets of $485.6 million, deposits of $492.0 million
–Estimated DIF damage: $125.3 million
#55
–Failed bank: Lincoln Park Savings Bank, Chicago IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: Northbrook Bank and Trust Company, Northbrook IL
–Transaction: loss share on $141.5 million of assets
–Vitals: assets of $199.9 million, deposits of $171.5 million
–Estimated DIF damage: $48.4 million
#56
–Failed bank: Peotone Bank and Trust Company, Peotone IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: First Midwest Bank, Itasca IL
–Transaction: loss share of $57.5 million of assets
–Vitals: assets of $130.2 million, deposits of $120.0 million
–Estimated DIF damage: $31.7 million
#57
–Failed bank: Wheatland Bank, Naperville IL
–Regulator: IL Dept of Financial and Professional Regulation — Division of Banking
–Acquiring bank: Wheaton Bank & Trust, Wheaton IL
–Transaction: loss share on $300.2 million
–Vitals: assets of $437.2 million, deposits of $438.5 million
–Estimated DIF damage: $133.0 million
paologorgo
Chapter 11
As expected, the three troubled Puerto Rican banks fail and are closed in purchase and assumption agreements, costing the Deposit Insurance Fund $5.3B. It's the biggest localized hit since IndyMac's failure nearly two years ago. Failures in Michigan and in Missouri (I, II) bring the 2010 total to 63. Update: No. 64 in Washington costs another $1.37B.
gipa69
collegio dei patafisici
Taken together, the estimated loss for the Deposit Insurance Fund for the three failed Puerto Rican banks is a whopping $5.3 billion (add another $2.1 billion for the night’s other 4 failures).
That’s the largest hit to the Deposit Insurance Fund since IndyMac failed nearly two years ago, costing the DIF $10.7 billion.
Though its “net worth” stood at -$20.9 billion as of 12/31/09, FDIC reported that the DIF had $66 billion of cash on hand. So Sheila won’t be asking Treasury for funds any time soon. Failures have been, and will continue to be, paid for out of assessments on banks.
By assets, WesternBank and R-G Premier Bank rank #2 and #8 on CR’s unofficial problem bank list.
It’s also worth noting that the pace of bank failures has picked up significantly. This week there were 7, last week there were 7, the week before there were 8. Year-to-date, FDIC has closed twice as many banks in 2009 (64) as 2008 (32).
#58
–Failed bank: Eurobank, San Juan, Puerto Rico
–Regulator: Puerto Rico Commissioner of Financial Institutions
–Acquiring bank: Oriental Bank and Trust, San Juan, Puerto Rico
–Transaction: loss share on $1.58 billion of assets
–Vitals: assets of $2.56 billion, deposits of $1.97 billion
–Estimated DIF damage: $743.9 million
#59
–Failed bank: R-G Premier Bank of Puerto Rico, Hato Rey, Puerto Rico
–Regulator: Puerto Rico Commissioner of Financial Institutions
–Acquiring bank: Scotiabank de Puerto Rico, San Juan, Puerto Rico
–Transaction: loss share on $5.41 billion of assets
–Vitals: assets of $5.92 billion, deposits of $4.25 billion
–Estimated DIF damage: $1.23 billion
#60
–Failed bank: Westernbank Puerto Rico, Mayaguez, Puerto Rico
–Regulator: Puerto Rico Commissioner of Financial Institutions
–Acquiring bank: Banco Popular de Puerto Rico, San Juan, Puerto Rico
–Transaction: loss share on $8.77 billion of assets
–Vitals: assets of $11.94 billion, deposits of $8.62 billion
–Estimated DIF damage: $3.31 billion
#61
–Failed bank: CF Bancorp, Port Huron MI
–Regulator: Michigan Office of Financial and Insurance Regulation
–Acquiring bank: First Michigan Bank, Troy MI
–Transaction: loss share on $808.1 million of assets
–Vitals: assets of $1.65 billion, deposits of $1.43 billion
–Estimated DIF damage: $615.3 million
#62
–Failed bank: Champion Bank, Creve Coeur MO
–Regulator: Missouri Division of Finance
–Acquiring bank: BankLiberty, Liberty MO
–Transaction: loss share on $113.5 million of assets
–Vitals: assets of $187.3 million, deposits of $153.8 million
–Estimated DIF damage: $52.7 million
#63
–Failed bank: BC National Banks, Butler MO
–Regulator: OCC
–Acquiring bank: Community First Bank, Butler MO
–Transaction: loss share on $37.9 million of assets
–Vitals: assets of $67.2 million, deposits of $54.9 million
–Estimated DIF damage: $11.4 million
#64
–Failed bank: Frontier Bank, Everett WA
–Regulator: Washington Department of Financial Institutions
–Acquiring bank: Union Bank, National Association, San Francisco CA
–Transaction: loss share on $3.04 billion of assets
–Vitals: assets of $3.50 billion, deposits of $3.13 billion
–Estimated DIF damage: $1.37 billion
That’s the largest hit to the Deposit Insurance Fund since IndyMac failed nearly two years ago, costing the DIF $10.7 billion.
Though its “net worth” stood at -$20.9 billion as of 12/31/09, FDIC reported that the DIF had $66 billion of cash on hand. So Sheila won’t be asking Treasury for funds any time soon. Failures have been, and will continue to be, paid for out of assessments on banks.
By assets, WesternBank and R-G Premier Bank rank #2 and #8 on CR’s unofficial problem bank list.
It’s also worth noting that the pace of bank failures has picked up significantly. This week there were 7, last week there were 7, the week before there were 8. Year-to-date, FDIC has closed twice as many banks in 2009 (64) as 2008 (32).
#58
–Failed bank: Eurobank, San Juan, Puerto Rico
–Regulator: Puerto Rico Commissioner of Financial Institutions
–Acquiring bank: Oriental Bank and Trust, San Juan, Puerto Rico
–Transaction: loss share on $1.58 billion of assets
–Vitals: assets of $2.56 billion, deposits of $1.97 billion
–Estimated DIF damage: $743.9 million
#59
–Failed bank: R-G Premier Bank of Puerto Rico, Hato Rey, Puerto Rico
–Regulator: Puerto Rico Commissioner of Financial Institutions
–Acquiring bank: Scotiabank de Puerto Rico, San Juan, Puerto Rico
–Transaction: loss share on $5.41 billion of assets
–Vitals: assets of $5.92 billion, deposits of $4.25 billion
–Estimated DIF damage: $1.23 billion
#60
–Failed bank: Westernbank Puerto Rico, Mayaguez, Puerto Rico
–Regulator: Puerto Rico Commissioner of Financial Institutions
–Acquiring bank: Banco Popular de Puerto Rico, San Juan, Puerto Rico
–Transaction: loss share on $8.77 billion of assets
–Vitals: assets of $11.94 billion, deposits of $8.62 billion
–Estimated DIF damage: $3.31 billion
#61
–Failed bank: CF Bancorp, Port Huron MI
–Regulator: Michigan Office of Financial and Insurance Regulation
–Acquiring bank: First Michigan Bank, Troy MI
–Transaction: loss share on $808.1 million of assets
–Vitals: assets of $1.65 billion, deposits of $1.43 billion
–Estimated DIF damage: $615.3 million
#62
–Failed bank: Champion Bank, Creve Coeur MO
–Regulator: Missouri Division of Finance
–Acquiring bank: BankLiberty, Liberty MO
–Transaction: loss share on $113.5 million of assets
–Vitals: assets of $187.3 million, deposits of $153.8 million
–Estimated DIF damage: $52.7 million
#63
–Failed bank: BC National Banks, Butler MO
–Regulator: OCC
–Acquiring bank: Community First Bank, Butler MO
–Transaction: loss share on $37.9 million of assets
–Vitals: assets of $67.2 million, deposits of $54.9 million
–Estimated DIF damage: $11.4 million
#64
–Failed bank: Frontier Bank, Everett WA
–Regulator: Washington Department of Financial Institutions
–Acquiring bank: Union Bank, National Association, San Francisco CA
–Transaction: loss share on $3.04 billion of assets
–Vitals: assets of $3.50 billion, deposits of $3.13 billion
–Estimated DIF damage: $1.37 billion
gipa69
collegio dei patafisici
Bank failure Friday
#65
—Failed bank: The Bank of Bonifay, Bonifay FL
—Regulator: Florida Office of Financial Regulation
—Acquiring bank: First Federal Bank of Florida, Lake City FL
—Vitals: assets of $242.9 million, deposits of $230.2 million
—Estimated DIF damage: $78.7 million
#66
—Failed bank: Access Bank, Champlin MN
—Regulator: Minnesota Department of Commerce
—Acquiring bank: PrinsBank, Prinsburg MN
—Vitals: assets of $32.0 million, deposits of $32.0 million
—Estimated DIF damage: $5.5 million
#67
—Failed bank: Towne Bank of Arizona, Mesa AZ
—Regulator: Arizona Department of Financial Institutions
—Acquiring bank: Commerce Bank of Arizona, AZ
—Vitals: assets of $120.2 million, deposits of $113.2 million
—Estimated DIF damage: $41.8 million
#68
—Failed bank: 1st Pacific Bank of California, San Diego CA
—Regulator: California Department of Financial Institutions
—Acquiring bank: City National Bank, Los Angeles CA
—Vitals: assets of $335.8 million, deposits of $291.2 million
—Estimated DIF damage: $87.7 million
#65
—Failed bank: The Bank of Bonifay, Bonifay FL
—Regulator: Florida Office of Financial Regulation
—Acquiring bank: First Federal Bank of Florida, Lake City FL
—Vitals: assets of $242.9 million, deposits of $230.2 million
—Estimated DIF damage: $78.7 million
#66
—Failed bank: Access Bank, Champlin MN
—Regulator: Minnesota Department of Commerce
—Acquiring bank: PrinsBank, Prinsburg MN
—Vitals: assets of $32.0 million, deposits of $32.0 million
—Estimated DIF damage: $5.5 million
#67
—Failed bank: Towne Bank of Arizona, Mesa AZ
—Regulator: Arizona Department of Financial Institutions
—Acquiring bank: Commerce Bank of Arizona, AZ
—Vitals: assets of $120.2 million, deposits of $113.2 million
—Estimated DIF damage: $41.8 million
#68
—Failed bank: 1st Pacific Bank of California, San Diego CA
—Regulator: California Department of Financial Institutions
—Acquiring bank: City National Bank, Los Angeles CA
—Vitals: assets of $335.8 million, deposits of $291.2 million
—Estimated DIF damage: $87.7 million