Bank Failure Friday - 5 today

It's a new year and a new bank failure Friday tally. This week 5 banks failed, leaving 2010 at 9.

This week's failures, are (with estimated FDIC costs):

  • Evergreen - Washington - $64.2 million
  • Columbia River Bank - Oregon - $172.5 million
  • Charter Bank of Santa Fe - New Mexico - $201.9 million
  • Premier American Bank - Florida - $85 million
  • Bank of Leeton - Missouri - $8.1 million

Charter and Columbia each had over $1 billion in assets.

How many banks failed last year? 140.

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FDIC Cost

With these bank failure, estimated cost to FDIC in 2010 has crossed $1 billion.
Check how much it cost to FDIC each month, each state at :
http://portalseven.com/banks/Failed_Banks_FDIC_Cost.jsp

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