Three More FDIC Bank Closings

On Friday evening, the FDIC reported that it has taken over three additional banks (Venture Bank, Brickwell Community Bank, and Corus Bank) for a cost of around $2 billion.

This brings the total number of failed banks since the beginning of 2008 to 92. Total deposits of all failed banks now equal $82.98 billion for 2009 and over $316 billion since the beginning of 2008, all at an estimated cost to the FDIC of $46.23 billion. Visit for more details and a full list of FDIC bank closings.

  Total Deposits Cost to FDIC
Venture Bank $903,000,000 $298,000,000
Brickwell Community Bank $63,000,000 $22,000,000
Corus Bank, N.A. $7,000,000,000 $1,700,000,000