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Bailout

: Calculated Risk

Bank Failure #79: First National Bank, Rosedale, Mississippi

By Anonymous

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From the FDIC: The Jefferson Bank, Fayette, Mississippi, Assumes All of the Deposits of First National Bank, Rosedale, Mississippi
As of March 31, 2010, First National Bank had approximately $60.4 million in total assets and $63.5 million in total deposits. ...

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $12.6 million. ... First National Bank is the 79th FDIC-insured institution to fail in the nation this year, and the first in Mississippi. The last FDIC-insured institution closed in the state was Bank of Falkner, Falkner, on September 29, 2000.

Full post as published by Calculated Risk on June 04, 2010 (boomark / email).

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