Bank Failure Friday
I’m heading out to dinner soon, but there’s been one bank added to the FDIC Failed Bank List.
Silver Falls Bank in Silverton, OR failed, with an estimated cost of $50 million to the FDIC fund. It had total deposits of $116.3 million, so once again, this represents a bank that was a little beyond insolvent.
The night is still young, so there may be more.
