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Friday, October 07, 2011

Bank Failures #75 & 76 in 2011

by Calculated Risk on 10/07/2011 07:10:00 PM

Here are the earlier employment posts (with graphs):
September Employment Report: 103,000 Jobs, 9.1% Unemployment Rate
Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
Duration of Unemployment, Unemployment by Education and Diffusion Indexes
Employment graph gallery

From the FDIC: Central Bank, Stillwater, Minnesota, Assumes All of the Deposits of the RiverBank, Wyoming, Minnesota

As of June 30, 2011, The RiverBank had approximately $417.4 million in total assets and $379.3 million in total deposits.
...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $71.4 million. ... The RiverBank is the 75th FDIC-insured institution to fail in the nation this year
From the FDIC: Great Southern Bank, Springfield, Missouri, Assumes All of the Deposits of Sun Security Bank, Ellington, Missouri
As of June 30, 2011, Sun Security Bank had approximately $355.9 million in total assets and $290.4 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $118.3 million. ... Sun Security Bank is the 76th FDIC-insured institution to fail in the nation this year, and the first in Missouri.