Texas Bank Is Closed; U.S. 2011 Failures at 74

[alp227]

Source: The Wall Street Journal

Texas regulators closed First International Bank of Plano, bringing the nationwide tally of bank failures to 74 for the year.

The Federal Deposit Insurance Corp. said the bank was shut Friday by the state's Department of Banking. American First National Bank of Houston agreed to take over the failed bank and its seven branches; it agreed to acquire all of the bank's deposits and to buy substantially all of its assets as part of a purchase-and-assumption deal with the FDIC.

First International Bank had about $239.9 million in total assets and $208.8 million in total deposits at the end of June.

The FDIC estimates that the cost of the failure to the Deposit Insurance Fund will reach $53.8 million.

Read more: http://online.wsj.com/article/SB10001424052970204226204576603463528047384.html

[OhioChick]

1. Only 1 today...

http://www.fdic.gov/bank/individual/failed/banklist.html

[Festivito]

2. 423 listed since 2000. All states except AK and none listed as DC.

GA must be a mess.

State
GA 72 1
FL 55 2
IL 48 3
CA 36 4
WA 17 5
MN 16 6
MI 13 7
AZ 12 8
MO 11 9
NV 11 10
TX 10 11
CO 8 12
KS 8 13
SC 7 14
AL 6 15
MD 6 16
OH 6 17
OR 6 18
PA 6 19
UT 6 20
WI 6 21
NY 5 22
FL 4 23
OK 4 24
VA 4 25
AR 3 26
CA 3 27
NC 3 28
NJ 3 29
NM 3 30
PR 3 31
IN 2 32
LA 2 33
MS 2 34
NE 2 35
CT 1 36
HI 1 37
IA 1 38
ID 1 39
KY 1 40
MA 1 41
NH 1 42
NJ 1 43
OH 1 44
SD 1 45
TN 1 46
WI 1 47
WV 1 48
WY 1 49
Total Result 423

Just having fun trying out OpenOffice.

[Festivito]

3. By year

Year
2000 2
2001 4
2002 11
2003 3
2004 4
2007 3
2008 25
2009 140
2010 157
2011 74
Total Result 423