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Bailout
: Calculated RiskBank Failure #23 in 2011: Valley Community Bank, St. Charles, Illinois
By Anonymous
Took a ride on the Reading
To Saint Charles' place.
by Soylent Green is People
From the FDIC: First State Bank, Mendota, Illinois, Assumes All of the Deposits of Valley Community Bank, St. Charles, Illinois
As of December 31, 2010, Valley Community Bank had approximately $123.8 million in total assets and $124.2 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.8 million. ... Valley Community Bank is the 23rd FDIC-insured institution to fail in the nation this year, and the second in Illinois.It is Friday ...
Full post as published by Calculated Risk on February 25, 2011 (boomark / email).
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