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Bank Failure #3 for 2011: Oglethorpe Bank, Brunswick, Georgia

By Anonymous

Earlier:
? Retail Sales increased 0.6% in December
? Industrial Production, Capacity Utilization increased in December
? Consumer Sentiment declines in January
? Core measures of inflation increase in December

Akin appendix
Surgeons remove rotted flesh
Oglethorpe excised
by Soylent Green is People
From the FDIC: Bank of the Ozarks, Little Rock, Arkansas, Assumes All of the Deposits of Oglethorpe Bank, Brunswick, Georgia

As of September 30, 2010, Oglethorpe Bank had approximately $230.6 million in total assets and $212.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $80.4 million. ... Oglethorpe Bank is the third FDIC-insured institution to fail in the nation this year, and the first in Georgia.

Full post as published by Calculated Risk on January 14, 2011 (boomark / email).