Ah, Happy Friday. What would the start of the weekend be with out a few bank failures.
This week's casualties are:
- Bay National Bank, Baltimore, Maryland - $17.4 million
- Ideal Federal Savings Bank, Baltimore, Maryland - $2.1 million
- USA Bank, Port Chester, New York - $61.7 million
- Home National Bank, Blackwell, Oklahoma - $78.7 million
The numbers are the FDIC Deposit Insurance Fund costs. This is the first bank failure in Oklahoma this year, the 3rd in New York and Maryland.
Party On Garth.