Five banks seized in FDIC Friday night special
Here are the latest FDIC seizures:
First State Bank of Altus, Altus, Oklahoma
- Total assets of $103.4 million and deposits of approximately $98.2 million
- Estimated cost to the Deposit Insurance Fund (DIF): $25.2 million.
Integrity Bank, Jupiter, Florida
- Total assets of $119 million and total deposits of approximately $102 million.
- Stonegate Bank paid a premium of 0.20 percent to acquire the deposits.
- Estimated cost to the Deposit Insurance Fund (DIF): $46 million
Peoples Community Bank, West Chester, Ohio
- Total assets of $705.8 million and total deposits of approximately $598.2 million.
- First Financial Bank, N.A. will pay the FDIC a premium of 1.5 percent to assume the deposits.
- Estimated cost to the Deposit Insurance Fund (DIF): $129.5 million
First Bankamericano, Elizabeth, New Jersey
- Total assets of $166 million and total deposits of approximately $157 million.
- Estimated cost to the Deposit Insurance Fund (DIF): $15 million.
- Total assets of $1.6 billion and total deposits of $1.6 billion.
- The FDIC and United Central Bank entered into a loss-share transaction on approximately $1.3 billion of Mutual Bank’s assets.
- Estimated cost to the Deposit Insurance Fund (DIF): $696 million.
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