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Friday, September 14, 2012

Bank Failure #42 in 2012: Truman Bank, Saint Louis, Missouri

by Calculated Risk on 9/14/2012 06:13:00 PM

Missouri wisdom
Presidential paraphrase
“The buck won’t stop here”.

by Soylent Green is People

From the FDIC: Simmons First National Bank, Pine Bluff, Arkansas, Assumes All of the Deposits of Truman Bank, Saint Louis, Missouri
As of June 30, 2012, Truman Bank had approximately $282.3 million in total assets and $245.7 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $34.0 million. ... Truman Bank is the 42nd FDIC-insured institution to fail in the nation this year, and the second in Missouri.
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