Some new additions to the FDIC Failed Bank List:

1. ebank, Atlanta, GA — Deposits of approximately $130 million and an estimated hit to the FDIC fund of $63 million. This also involves on of those nice loss-share agreements, this time between the FDIC and Stearns Bank on $111 million of ebank’s assets. But with loss estimates that high, I don’t see how the FDIC can be underestimating this one.

2. Coweta Bank, Newnan, GA — Deposits of approximately $155 million and an estimated hit to the FDIC fund of $48 million. This one also involves a loss-share agreement on $124 million of First Coweta’s assets. United Bank of Zebulon, Georgia is the acquiring institution.

3. CapitalSouth Bank, Birmingham, AL — Deposits of approximately $546 million and an estimated hit to the FDIC fund of $151 million. The FDIC and IBERIABANK entered into a loss-share transaction on approximately $499 million of CapitalSouth Bank’s assets.

4. Guaranty Bank, Austin, TX — This is one of the ones we’ve been waiting for. Deposits of approximately $12 billion and an estimated hit the FDIC fund of $3 billion. BBVA Compass of Birmingham, Alabama (which is located in Spain, confusing locals and visitors alike), entered into a loss-share agreement with the FDIC for approximately $11 billion of Guaranty Bank’s assets.

These loss-share transactions seem to be the only way to efficiently get rid of the assets these days. These reduce the certainty of the loss estimates, but at least they get rid of the assets without flooding the market with crap. The auctions have not been doing so well. For example, zero hedge reports FDIC Sells $234 Million Of CRE Loans At 30% Discount, Beal Bank Largest Bidder. You could have bought a million dollar loan portfolio for five cents on the dollar.

Corus is still in the fail queue.