by Calculated Risk on 8/23/2013 06:38:00 PM

From the FDIC: CB&S Bank, Inc. Russellville, Alabama, Assumes All of the Deposits of Community South Bank, Parsons, Tennessee

As of June 30, 2013, Community South Bank had approximately $386.9 million in total assets and $377.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $72.5 million. ... Community South Bank is the 19th FDIC-insured institution to fail in the nation this year, and the second in Tennessee.

The number of bank failures has really slowed down. It looks like there will be around 25 to 30 failures this year; the lowest since 2008 when there were 25 failures.