Five More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over an additional five banks (Columbia River Bank, Evergreen Bank, Charter Bank, Bank of Leeton, Premier American Bank) for a cost to the FDIC of about $530 million. This brings the total number of failed banks since the beggning of 2008 to 175. Total deposits of all failed banks now equal $4.6 billion for 2010 and $375 billion since the beginning of 2008, all at an estimated cost to the FDIC of about $60 billion. Visit for more details and a full list of FDIC bank closings.

  Total Deposits Cost to the FDIC
Columbia River Bank $1,000,000,000 $172,500,0000
Evergreen Bank $439,400,000 $64,200,000
Charter Bank $851,500,000 $201,900,000
Bank of Leeton $20,400,000 $8,100,000
Premier American Bank $326,300,000 $85,000,000
Total $2,637,600,000 $531,700,000