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Friday, April 15, 2011

Bank Failure #34: Heritage Banking Group, Carthage, Mississippi

by Calculated Risk on 4/15/2011 07:36:00 PM

Fresh Bayou bailout
Mississippi burning cash
Delta blues for bank.

by Soylent Green is People

Heritage Banking Group, Carthage, Mississippi
As of December 31, 2010, Heritage Banking Group had approximately $224.0 million in total assets and $196.2 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $49.1 million. ... Heritage Banking Group is the 34th FDIC-insured institution to fail in the nation this year, and the first in Mississippi.
That makes six today ...