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Bailout

: Calculated Risk

Bank Failure #19 in 2011: Habersham Bank, Clarkesville, Georgia

By Anonymous

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Last bank in Clarkesville
Leaving from the station
Bair: Oh, no, no no
by Soylent Green is People (Apologies to The Monkees)

From the FDIC: SCBT National Association, Orangeburg, South Carolina, Assumes All of the Deposits of Habersham Bank, Clarkesville, Georgia
As of December 31, 2010, Habersham Bank had approximately $387.6 million in total assets and $339.9 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $90.3 million. ... Habersham Bank is the nineteenth FDIC-insured institution to fail in the nation this year, and the fifth in Georgia.
Georgia again ...

Full post as published by Calculated Risk on February 18, 2011 (boomark / email).

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