by Bill McBride on 10/23/2009 08:14:00 PM
Friday, October 23, 2009
Not quite for 1st DuPage Bank
Cruel roll of the dice.
by Soylent Green is People
From the FDIC:
First Dupage Bank, Westmont, Illinois, was closed today by the Illinois Department of Financial & Professional Regulation – Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...When the levee breaks ... seven down today ...
As of July 31, 2009, First Dupage Bank had total assets of $279 million and total deposits of approximately $254 million. ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $59 million. .... First Dupage Bank is the 106th FDIC-insured institution to fail in the Nation this year, and the seventeenth in Illinois. The last FDIC-insured institution closed in the state was Corus Bank, Chicago, on September 11, 2009.
Posted by Bill McBride on 10/23/2009 08:14:00 PM