This Friday brought some more failures, including a genuine closure. Three banks were added to the FDIC Failed Bank List:

1. TierOne Bank, Lincoln, NE - $2.2 billion in total deposits and an estimated hit to the Deposit Insurance Fund (DIF) of $297.8 million. The FDIC and Great Western Bank entered into a loss-share transaction on $1.9 billion of TierOne Bank’s assets. All 69 branches will reopen on Saturday.

2. Arcola Homestead Savings Bank, Arcola, IL - $18.1 million in total deposits and an estimated hit to the DIF of $3.2 million. This is a payout, so accounts in excess of the FDIC limit are hosed. The bank is done.

3. First National Bank, Rosedale, MS - $63.5 million in total deposits and an estimated hit to the DIF of $12.6 million. The FDIC and The Jefferson Bank entered into a loss-share transaction on $43.5 million of First National Bank’s assets.

The count is now up to 81 for the year. For those tracking it and noticing the discrepancy, last week’s post was made before the final failure. Apologies.