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Saturday, October 16, 2010

Bank Failure Friday: FDIC Closes 3 Banks *2010 YTD Total Now 132*

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Bank Failure Friday: FDIC Closes 3 Banks

The 2010 USA bank failures increased to 132 with the closure of 3 banks listed below. Total assets of the closed banks were $1,779,900,000 ($1.78 billion), based on the June 30 call reports (regulatory financial statements). All 3 banks were merged via purchase and assumption agreements into other banks.

#130 Premier Bank, Jefferson City, MO (Total assets $1.18B, merged into Providence Bank, Columbia, Missouri)

#131 WestBridge Bank and Trust Company, Chesterfield, MO (Total assets $91.5M, merged into Midland States Bank, Effingham, Illinois)

#132 Security Savings Bank, F.S.B., Olathe, KS (Total assets $508.4, merged into Simmons First National Bank, Pine Bluff, Arkansas)

The next FDIC bank closings, if any, will most likely be announced on Friday, October 22.


Related Articles and Links

Recent Posts by Boom Doom Economy
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Recent Posts by Matrix Markets
S&P 500 Rally Resumes (Charts) *Bulls continue upwards 5 of last 6 weeks*
Recent Posts by Financial Controls
Citigroup Reports Earnings Monday (Financial Charts & Review) *Estimated Revenues $21.23B, EPS $0.06* C
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Other Links
FDIC (FDIC.gov)
Failed Bank Information
Information for Premier Bank, Jefferson City, MO (FDIC)
Information for WestBridge Bank and Trust Company, Chesterfield, MO (FDIC)
Information for Security Savings Bank, F.S.B., Olathe, KS (FDIC)


Charts!
USA and Global economic charts
Apple (AAPL) financial performance and stock charts
Google (GOOG) financial performance and stock charts
Microsoft (MSFT) financial performance charts
Intel (INTC) financial performance charts
JPMorgan Chase & Co. (JPM) financial performance charts
Citigroup (C) financial performance charts
S&P 500 charts and review


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