by Bill McBride on 7/20/2012 06:07:00 PM
Friday, July 20, 2012
Asset drought wilts more bankers
Scorched earth arrives
by Soylent Green is People
From the FDIC: Metcalf Bank, Lees Summit, Missouri, Assumes All of the Deposits of Heartland Bank, Leawood, Kansas
As of March 31, 2012, Heartland Bank had approximately $110.0 million in total assets and $102.6 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.1 million. Compared ... Heartland Bank is the 37th FDIC-insured institution to fail in the nation this year, and the first in Kansas.Pretty small hit to the DIF. That makes four today so far ...
Posted by Bill McBride on 7/20/2012 06:07:00 PM