by Calculated Risk on 10/26/2012 06:08:00 PM

NOVA es no va
Ahora supernova
Abandonado
by Soylent Green is People
From the FDIC: FDIC Approves the Payout of the Insured Deposits of NOVA Bank, Berwyn, Pennsylvania

The FDIC was unable to find another financial institution to take over the banking operations of NOVA Bank. The FDIC will mail checks directly to depositors of NOVA Bank for the amount of their insured money.
...
As of June 30, 2012, NOVA Bank had approximately $483.0 million in total assets and $432.2 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $91.2 million. NOVA Bank is the 47th FDIC-insured institution to fail in the nation this year, and the second in Pennsylvania.

No one wanted this one.