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: Calculated RiskBank Failure #155: United Americas Bank, National Association, Atlanta, Georgia
By Anonymous
U.A.B. casualty
Fewer walking dead
by Soylent Green is People
From the FDIC: State Bank and Trust Company, Macon, Georgia, Assumes All of the Deposits of United Americas Bank, National Association, Atlanta, Georgia
As of September 30, 2010, United Americas Bank, N.A. had approximately $242.3 million in total assets and $193.8 million in total deposits ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $75.8 million. ... United Americas Bank, N.A. is the 155th FDIC-insured institution to fail in the nation this year, and the 21st in Georgia.More Georgia ...
Full post as published by Calculated Risk on December 17, 2010 (boomark / email).
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