by Bill McBride on 10/19/2012 05:07:00 PM
Friday, October 19, 2012
Hours before SmartBank arrived
Smarter cash made off.
by Soylent Green is People
From the FDIC: SmartBank, Pigeon Forge, Tennessee, Assumes All of the Deposits of GulfSouth Private Bank, Destin, Florida
As of June 30, 2012, GulfSouth Private Bank had approximately $159.1 million in total assets and $151.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $36.1 million. ... GulfSouth Private Bank is the 44th FDIC-insured institution to fail in the nation this year, and the sixth in Florida.The FDIC gets back to work.
Earlier on Existing Home Sales:
• Existing Home Sales in September: 4.75 million SAAR, 5.9 months
• Existing Home Sales: A few comments and NSA Sales Graph
• Existing Home Sales graphs
Posted by Bill McBride on 10/19/2012 05:07:00 PM