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Bailout

: Calculated Risk

Bank Failure #128: Wakulla Bank, Crawfordville, Florida

By Anonymous

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Ten One Twenty Ten
Some day these failures will end
Today's not that day
by Soylent Green is People

From the FDIC: Centennial Bank, Conway, Arkansas, Assumes All of the Deposits of Wakulla Bank, Crawfordville, Florida
As of June 30, 2010, Wakulla Bank had approximately $424.1 million in total assets and $386.3 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $113.4 million. ... Wakulla Bank is the 128th FDIC-insured institution to fail in the nation this year, and the twenty-fifth in Florida.
Twenty five in Florida alone this year ...

Full post as published by Calculated Risk on October 01, 2010 (boomark / email).

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