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Friday, August 05, 2011

Bank Failure #63: Bank of Whitman, Colfax, Washington

by Calculated Risk on 8/05/2011 09:14:00 PM

Slim profit Whitman
Bankers yodel past graveyard
Siren song of doom

by Soylent Green is People

From the FDIC: Columbia State Bank, Tacoma, Washington, Assumes All of the Deposits of Bank of Whitman, Colfax, Washington
As of June 30, 2011, Bank of Whitman had approximately $548.6 million in total assets and $515.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $134.8 million. ... Bank of Whitman is the 63rd FDIC-insured institution to fail in the nation this year, and the third in Washington.
Two today!