Two More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over an additional two banks (Rainier Pacific Bank, Carson River Community Bank) for a cost to the FDIC of over $100 million. This brings the total number of failed banks since the beginning of 2008 to 188. Total deposits of all failed banks now equal almost $13 billion for 2010 and $383 billion since the beginning of 2008, all at an estimated cost to the FDIC of about $63 billion. Visit Stimulus.org for more details and a full list of FDIC bank closings.
[chart:1079]
| Total Deposits | Cost to the FDIC | |
| Rainier Pacific Bank | $446,200,000 | $95,200,000 |
| Carson River Community Bank | $50,000,000 | $7,900,000 |
| Total | $496,200,000 | $103,100,000 |