Two More FDIC Bank Closings
Mar 1, 2010
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 |