Friday, March 23, 2012

Bank Failure #15 in 2012: Premier Bank, Wilmette, Illinois

by Bill McBride on 3/23/2012 06:26:00 PM

Premier Bank’s premier
“Cheap, as if made with fool’s gold”
Booed off stage right

by Soylent Green is People

From the FDIC: International Bank of Chicago, Chicago, Illinois, Assumes All of the Deposits of Premier Bank, Wilmette, Illinois
As of December 31, 2011, Premier Bank had approximately $268.7 million in total assets and $199.0 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $64.1 million. Compared ... Premier Bank is the fifteenth FDIC-insured institution to fail in the nation this year, and the third in Illinois
On February New Home Sales:
New Home Sales decline in February to 313,000 Annual Rate
Home Sales: Distressing Gap
New Home Sales graphs

Earlier this week on Existing Home sales:
Existing Home Sales in February: 4.59 million SAAR, 6.4 months of supply
Existing Home Sales: Inventory and NSA Sales Graph
Existing Home Sales graphs

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