FDIC Friday April 29 : 5 banks down at a cost of $643 million

First National Bank of Central Florida

Cost to the FDIC : $42.9 million.

Cortez Community Bank

Cost to the FDIC : $18.6 million.

First Choice Community Bank

Cost to the FDIC : $92.4 million.

The Park Avenue Bank

Cost to the FDIC : $306.1 million.

Community Central Bank

Cost to the FDIC : $183.2 million.


Total cost to the FDIC this week : $643.2 million

There were 156.3 million taxpayers in the US in 2008 and 307 million people in America in 2009.

4.11$ for every taxpayers or 2.09$ for every man, woman and child in the US.

burn baby burn.

One of those banks was bailed out in 2008. The first quarter of 2011 had a total of 26 bank failures. The largest of these bank failures were First Community Bank in New Mexico with assets of $2.31 billion.

In 2010 157 banks failed totaling $96,514,000,000. If we get our AAA downgraded we will see them all go under including BOA.