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Bailout

: Calculated Risk

Bank Failure #132: Premier Bank, Jefferson City, Missouri

By Anonymous

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No Tan Man purp walk.
Bank C.E.O.'s breath relief sigh.
Joe "Coors" hangs his head.
by Soylent Green is People

From the FDIC: Providence Bank, Columbia, Missouri, Assumes All of the Deposits of Premier Bank, Jefferson City, Missouri
As of June 30, 2010, Premier Bank had approximately $1.18 billion in total assets and $1.03 billion in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $406.9 million. ... Premier Bank is the 132nd FDIC-insured institution to fail in the nation this year, and the sixth in Missouri.
That makes 3 today ... almost 40% loss on Premier.

Full post as published by Calculated Risk on October 16, 2010 (boomark / email).

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