Bank Failure Friday
It’s Friday. Today the FDIC scored a hat trick:
TeamBank, N.A., Paola, KS — $492.8 million in deposits and an estimated loss of $98 million to the FDIC fund.
Colorado National Bank, Colorado Springs, CO — $82.7 million in deposits vs. $9 million in estimated loss.
FirstCity Bank, Stockbridge, GA — $278 million in deposits vs. $100 million in estimated loss.
Incidentally, the FDIC finally got rid of IndyMac. CalculatedRisk notes that the losses to the FDIC were a wee bit more than the estimates (by a couple billion dollars).
