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Bailout

: Calculated Risk

Bank Failure #7 for 2011: United Western Bank, Denver, Colorado

By Anonymous

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From the FDIC: First-Citizens Bank & Trust Company, Raleigh, North Carolina, Assumes All of the Deposits of United Western Bank, Denver, Colorado
As of September 30, 2010, United Western Bank had approximately $2.05 billion in total assets and $1.65 billion in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $312.8 million. .... United Western Bank is the seventh FDIC-insured institution to fail in the nation this year, and the first in Colorado.
That makes four today - and this one with two billion in assets.

Full post as published by Calculated Risk on January 21, 2011 (boomark / email).

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