by Bill McBride on 10/21/2011 08:11:00 PM
Friday, October 21, 2011
Ghost profits spun from thin air
Now a prairie dog.
by Soylent Green is People
From the FDIC: Bank Midwest, National Association, Kansas City, Missouri, Assumes All of the Deposits of Community Banks of Colorado, Greenwood, Colorado
As of June 30, 2011, Community Banks of Colorado had approximately $1.38 billion in total assets and $1.33 billion in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $224.9 million. ... Community Banks of Colorado is the 84th FDIC-insured institution to fail in the nation this year, and the sixth in Colorado.That makes four today.
Posted by Bill McBride on 10/21/2011 08:11:00 PM