Friday, July 29, 2011

Bank Failure #61: Integra Bank, National Association, Evansville, Indiana

by Bill McBride on 7/29/2011 07:16:00 PM

Failing Integra
An integrity failure.
From low integers

by Soylent Green is People

From the FDIC: Old National Bank, Evansville, Indiana, Assumes All of the Deposits of Integra Bank, National Association, Evansville, Indiana
As of March 31, 2011, Integra Bank, National Association had approximately $2.2 billion in total assets and $1.9 billion in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $170.7 million. ... Integra Bank, National Association is the 61st FDIC-insured institution to fail in the nation this year, and the first in Indiana.
A pretty big failure ...