Friday, February 04, 2011

Bank Failures #12 & 13 for 2011

by Calculated Risk on 2/04/2011 06:30:00 PM

Here are the earlier employment posts (with graphs):
January Employment Report: 36,000 Jobs, 9.0% Unemployment Rate
Employment Summary and Part Time Workers, Unemployed over 26 Weeks
• Daily Color: Two Employment Surveys, Different Results
Duration of Unemployment, Unemployment by Education, Diffusion Indexes
Employment Graph Gallery

Note: I'm going to group bank failures (for fewer posts).

Men In Black arrive.
No UFO's in Roswell
"Take me to your bank"

by Soylent Green is People

From the FDIC: Renasant Bank, Tupelo, Mississippi, Assumes All of the Deposits of American Trust Bank, Roswell, Georgia
As of December 31, 2010, American Trust Bank had approximately $238.2 million in total assets and $222.2 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $71.5 million.
Unlucky thirteen.
Another Georgia failure.
Assimilated.

by Soylent Green is People

From the FDIC: BankSouth, Greensboro, Georgia, Assumes All of the Deposits of North Georgia Bank, Watkinsville, Georgia
As of December 31, 2010, North Georgia Bank had approximately $153.2 million in total assets and $139.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $35.2 million.