Coming in at number 113 as far as institutions to fail in the nation we have Imperial Savings and Loan Association Martinsville VA 31623
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $3.5 million. Compared to other alternatives, River Community Bank, N.A.'s acquisition was the least costly resolution for the FDIC's DIF.
Also two more are added to the list today:
Independent National Bank Ocala FL 27344 and the Community National Bank at Bartow Bartow FL 25266
The FDIC and CenterState Bank of Florida, N.A. entered into loss-share transactions on $51.9 million of Community National Bank At Bartow's assets; and $119.7 million of Independent National Bank's assets.
Just as a kind reminder to all those folks that enjoy Florida:
81% of all Florida loans are under water, with the average mark-to-market loan-to-value ratio standing at 138%. Almost 40% of borrowers are crushed beneath debt of more than 150% of the value of their homes.
FDIC Friday! ~ August 20, 2010 ~ Enjoy!
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Posted - 08/20/2010 : 17:53:53
