Three More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over three additional banks (Venture Bank, Brickwell Community Bank, and Corus Bank) for a cost of around $2 billion.
This brings the total number of failed banks since the beginning of 2008 to 92. Total deposits of all failed banks now equal $82.98 billion for 2009 and over $316 billion since the beginning of 2008, all at an estimated cost to the FDIC of $46.23 billion. Visit Stimulus.org for more details and a full list of FDIC bank closings.
| Total Deposits | Cost to FDIC |
|
| Venture Bank | $903,000,000 | $298,000,000 |
| Brickwell Community Bank | $63,000,000 | $22,000,000 |
| Corus Bank, N.A. | $7,000,000,000 | $1,700,000,000 |