Bank Failure Friday - 5 more bite the dust

Another Friday, another round of bank failures. These week's lucky winners, with their costs to the FDIC deposit insurance fund, are:

  1. NorthWest Bank and Trust, Acworth, Georgia, $39.8 million
  2. Bayside Savings Bank, Port Saint Joe, Florida, $16.2 million
  3. Coastal Community Bank, Panama City Beach, Florida, $94.5 million
  4. The Cowlitz Bank, Longview, Washington, $68.9 million
  5. LibertyBank, Eugene, Oregon, $115.3 million

Looks like fishing for failure in Panama City caught a whopper. The national tally for 2010 is 108 bank closures.

The two Florida banks make the state closure tally 20 for 2010.

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