Six More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over an additional six banks (Greater Atlantic Bank, Benchmark Bank, AmTrust Bank, The Tattnall Bank, First Security National Bank, The Buckhead Community Bank) for a cost to the FDIC of around $2.4 billion. This brings the total number of failed banks in 2009 to 130.

Total deposits of all failed banks now equal $124.9 billion for 2009 and almost $359 billion since the beginning of 2008, all at an estimated cost to the FDIC of around $56 billion. Visit for more details and a full list of FDIC bank closings.

  Total Deposits Cost to the FDIC
Greater Atlantic Bank $179,000,000 $35,000,000
Benchmark Bank $181,000,000 $64,000,000
AmTrust Bank $8,000,000,000 $2,000,000,000
The Tattnall Bank $47,300,000 $13,900,000
First Security National Bank $123,000,000 $30,100,000
The Buckhead Community Bank $838,000,000 $241,400,000
Total $9,368,300,000 $2,384,400,000