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Bank Failures #12 & 13 for 2011

By Anonymous

Here are the earlier employment posts (with graphs):
? January Employment Report: 36,000 Jobs, 9.0% Unemployment Rate
? Employment Summary and Part Time Workers, Unemployed over 26 Weeks
? Daily Color: Two Employment Surveys, Different Results
? Duration of Unemployment, Unemployment by Education, Diffusion Indexes
? Employment Graph Gallery

Note: I'm going to group bank failures (for fewer posts).

Men In Black arrive.
No UFO's in Roswell
"Take me to your bank"
by Soylent Green is People
From the FDIC: Renasant Bank, Tupelo, Mississippi, Assumes All of the Deposits of American Trust Bank, Roswell, Georgia

As of December 31, 2010, American Trust Bank had approximately $238.2 million in total assets and $222.2 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $71.5 million.

Unlucky thirteen.
Another Georgia failure.
Assimilated.
by Soylent Green is People
From the FDIC: BankSouth, Greensboro, Georgia, Assumes All of the Deposits of North Georgia Bank, Watkinsville, Georgia

As of December 31, 2010, North Georgia Bank had approximately $153.2 million in total assets and $139.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $35.2 million.

Full post as published by Calculated Risk on February 04, 2011 (boomark / email).