Only four banks were added to the FDIC Failed Bank List tonight:
Desert Hills Bank, Phoenix, AZ - Total deposits of $426.5 million and an estimated hit to the Deposit Insurance Fund (DIF) of $106.7 million. “The FDIC and New York Community Bank entered into a loss-share transaction on $325.9 million of Desert Hills Bank’s assets.”
Unity National Bank, Cartersville, GA - Total deposits of $264.3 million and an estimated hit to the DIF of $67.2 million. “The FDIC and Bank of the Ozarks entered into a loss-share transaction on $206.1 million of Unity National Bank’s assets.” All five branches will be open Saturday.
Key West Bank, Key West, FL - Total deposits of $67.7 million and an estimated hit to the DIF of $23.1 million. “The FDIC and Centennial Bank entered into a loss-share transaction on $75.8 million of Key West Bank’s assets.” The bank will be back open on Saturday.
McIntosh Commercial Bank, Carrollton, GA - Total deposits of $343.3 million and an estimated hit to the DIF of $123.3 million. “The FDIC and CharterBank entered into a loss-share transaction on $263.1 million of McIntosh Commercial Bank’s assets.” All four branches will be open Saturday.
Another busy weekend for the FDIC teams.
