"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Saturday, March 27, 2010

FDIC Shuts Down 4 More Banks

Yet another busy day for Sheila Bair and the FDIC as they shuttered 4 more banks Friday, March 26th. The FDIC estimates a collective hit to the Deposit Insurance Fund (DIF) of $320.3 million for the week.

Arizona and Florida each had one bank closing while Georgia incurred two closings. Year to date the FDIC has closed 41 banks.

The State of Georgia is currently in contention for the gold as 7 banks have been shuttered in the Peachtree state. The Sunshine State (FL) remains a solid medal contender with 6 bank closings in 2010.

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