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Friday, April 26, 2013

Bank Failures #9 & 10 in 2013: North Carolina and Georgia

by Calculated Risk on 4/26/2013 06:56:00 PM

From the FDIC: CertusBank, National Association, Easley, South Carolina, Assumes All of the Deposits of Parkway Bank, Lenoir, North Carolina

As of December 31, 2012, Parkway Bank had approximately $108.6 million in total assets and $103.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $18.1 million. ... Parkway Bank is the ninth FDIC-insured institution to fail in the nation this year, and the first in North Carolina.
From the FDIC: Hamilton State Bank, Hoschton, Georgia, Assumes All of the Deposits of Douglas County Bank, Douglasville, Georgia
As of December 31, 2012, Douglas County Bank had approximately $316.5 million in total assets and $314.3 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $86.4 million. ... Douglas County Bank is the 10th FDIC-insured institution to fail in the nation this year, and the second in Georgia.
Two more ... it is Friday!