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 for more details and a full list of FDIC bank closings.

  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