by Bill McBride on 7/13/2012 05:44:00 PM
Friday, July 13, 2012
Not so with Clan Missouri
Penny, pound foolish
by Soylent Green is People
From the FDIC: Regional Missouri Bank, Marceline, Missouri, Assumes All of the Deposits of Glasgow Savings Bank, Glasgow, Missouri
As of March 31, 2012, Glasgow Savings Bank had approximately $24.8 million in total assets and $24.2 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $0.1 million. ... Glasgow Savings Bank is the 33rd FDIC-insured institution to fail in the nation this year, and the first in Missouri.A small one ... but it is Friday! On pace for around 60 bank failures this year, the fewest since 25 banks failed in 2008.
Posted by Bill McBride on 7/13/2012 05:44:00 PM