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Bailout
: Calculated RiskBank Failure #10 for 2011: FirsTier Bank, Louisville, Colorado
By Anonymous
Without it, which banks might fail?
Today: First Tier Bank.
by Soylent Green is People
From the FDIC: FDIC Creates the Deposit Insurance National Bank of Louisville to Protect Insured Depositors of FirsTier Bank, Louisville, Colorado
As of September 30, 2010, FirsTier Bank had $781.5 million in total assets and $722.8 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $242.6 million. FirsTier Bank is the tenth FDIC-insured institution to fail in the nation this year, and the second in Colorado.That makes three today - and another one with no buyer.
Full post as published by Calculated Risk on January 28, 2011 (boomark / email).
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