Friday, November 02, 2012

Bank Failures #48 and 49 in 2012

by Bill McBride on 11/02/2012 06:32:00 PM

From reckless bankers
Our citizens heritage:
Unquenchable debt

by Soylent Green is People

From the FDIC: Centennial Bank, Conway, Arkansas, Assumes All of the Deposits of Heritage Bank of Florida, Lutz, Florida
As of September 30, 2012, Heritage Bank of Florida had approximately $225.5 million in total assets and $223.3 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $65.5 million. ... Heritage Bank of Florida is the 48th FDIC-insured institution to fail in the nation this year, and the eighth in Florida.
And from the FDIC: Heartland Bank and Trust Company, Bloomington, Illinois, Assumes All of the Deposits of Citizens First National Bank, Princeton, Illinois
As of September 30, 2012, Citizens First National Bank had approximately $924.0 million in total assets and $869.4 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $45.2 million. ... Citizens First National Bank is the 49th FDIC-insured institution to fail in the nation this year, and the eighth in Illinois.
It is Friday, Friday!

Here are the earlier employment posts (with graphs):
October Employment Report: 171,000 Jobs, 7.9% Unemployment Rate
Employment: An encouraging report (also more graphs)
Solid Seasonal Retail Hiring, Graphs for Duration of Unemployment, Unemployment by Education and Diffusion Indexes
Employment graph gallery

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