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Bailout
: Calculated RiskBank Failure #125: Maritime Savings Bank, West Allis, Wisconsin
By Anonymous
Bankers wailing sea chanties
While the sea consumes
by Soylent Green is People
From the FDIC: North Shore Bank, FSB, Brookfield, Wisconsin, Assumes All of the Deposits of Maritime Savings Bank, West Allis, Wisconsin
As of June 30, 2010, Maritime Savings Bank had approximately $350.5 million in total assets and $248.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $83.6 million. ... Maritime Savings Bank is the 125th FDIC-insured institution to fail in the nation this year, and the first in Wisconsin.
Full post as published by Calculated Risk on September 17, 2010 (boomark / email).
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