by Bill McBride on 1/23/2015 08:34:00 PM
Friday, January 23, 2015
Another failure in Illinois, from the FDIC: United Fidelity Bank, fsb, Evansville, Indiana, Assumes All of the Deposits of Highland Community Bank, Chicago, Illinois
As of December 31, 2014, Highland Community Bank had approximately $54.7 million in total assets and $53.5 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $5.8 million. ... Highland Community Bank is the second FDIC-insured institution to fail in the nation this year, and the first in Illinois. The last FDIC-insured institution closed in the state was The National Republic Bank of Chicago, Chicago, on October 24, 2014.It feels like a Friday. Best to all!
Posted by Bill McBride on 1/23/2015 08:34:00 PM