Saturday, July 26, 2008

FDIC Reports Two More Bank Failures

As of June 30, 2008, First National of Nevada, Reno, NV had total assets of $3.4 billion and total deposits of $3.0 billion. First Heritage Bank, Newport Beach, CA had total assets of $254 million and total deposits of $233 million. Both have been taken over by the FDIC

The cost of the transactions to the FDIC is estimated to be $862 million.

No comments:

Post a Comment