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: Calculated RiskBank Failure #24 in 2011: The First National Bank of Davis, Davis, Oklahoma
By Anonymous
As of December 31, 2010, The First National Bank of Davis had approximately $90.2 million in total assets and $68.3 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $26.5 million. ... The First National Bank of Davis is the 24th FDIC-insured institution to fail in the nation this year, and the second in Oklahoma.The FDIC is back at work.
Update: And #25 ...
From the FDIC: Seaway Bank and Trust Company, Chicago, Illinois Assumes All of the Deposits of Legacy Bank, Milwaukee, Wisconsin
As of December 31, 2010, Legacy Bank had approximately $190.4 million in total assets and $183.3 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $43.5 million. ... Legacy Bank is the 25th FDIC-insured institution to fail in the nation this year, and the third in Wisconsin.
Full post as published by Calculated Risk on March 11, 2011 (boomark / email).
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