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Eight banks failed - $17.2B YTD est loss to FDIC

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posted on Aug, 21 2010 @ 01:36 AM
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Banks that failed today:

Bank Name . . . . . . . . . . . . . . . . . . . . . Est Cost to FDIC
ShoreBank . . . . . . . . . . . . . . . . . . . . $367,700,000
Independent National Bank . . . . . . . . $23,200,000
Community National Bank at Bartow . . $10,300,000
Imperial Savings and Loan Association . $3,500,000
Butte Community Bank . . . . . . . . . . . . $17,400,000
Los Padres Bank . . . . . . . . . . . . . . . . . $8,700,000
Sonoma Valley Bank . . . . . . . . . . . . . . $10,100,000
Pacific State Bank . . . . . . . . . . . . . . . . $32,600,000

Banks that failed earlier this month:

Palos Bank and Trust Company . . . . . . . $72,000,000
Ravenswood Bank . . . . . . . . . . . . . . . . $68,100,000

Year to date losses to the FDIC are: $17,237,120,000

Same time last year (Aug 21, 2009) losses to the FDIC were: $21,591,900,000
But thanks to two big failures:
Guaranty Bank . . . . $3,000,000,000 - Aug 21, 2009
Colonial Bank . . . . . $2,800,000,000 - Aug 14, 2009




 
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