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 Stimulus.org 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|
|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|