Saturday, February 7, 2009

#9 bank failure

http://www.fdic.gov/news/news/press/2009/pr09019.html

As of February 2, 2009, County Bank had total assets of approximately $1.7 billion and total deposits of $1.3 billion. In addition to assuming all of the failed bank's deposits, including those from brokers, Westamerica Bank agreed to purchase all of County Bank's assets.


You can hear the drip drip from the FDIC fund.

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