Friday, October 23, 2009

Bank Failure #100: Partners Bank, Naples, Florida

by Calculated Risk on 10/23/2009 05:07:00 PM

One Hundred, so far....
The pig still in the python
Working its way through.

by Soylent Green is People

FDIC Press Release:
Partners Bank, Naples, Florida, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. ...

As of September 30, 2009, Partners Bank had total assets of $65.5 million and total deposits of approximately $64.9 million. ...

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $28.6 million. ... Partners Bank is the 100th FDIC-insured institution to fail in the Nation this year, and the seventh in Florida. The last FDIC-insured institution closed in the state was Community National Bank of Sarasota County, Venice, on August 7, 2009.
Just a minnow, but it counts.