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Bailout

: Calculated Risk

Bank Failure #127: North County Bank, Arlington, Washington

By Anonymous

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From the FDIC: Whidbey Island Bank, Coupeville, Washington, Assumes All of the Deposits of North County Bank, Arlington, Washington
As of June 30, 2010, North County Bank had approximately $288.8 million in total assets and $276.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $72.8 million. ... North County Bank is the 127th FDIC-insured institution to fail in the nation this year, and the ninth in Washington.
Just 2 this week? The unofficial problem bank list will be increasing ...

Full post as published by Calculated Risk on September 24, 2010 (boomark / email).

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