Another three US banks
have bitten the dust, bringing the 2010 year-to-date US bank
failures total to 146 (the figure for all of 2009 was
140).
The three banks to close
– Darby Bank & Trust and Tifton Banking Co., both based in
Georgia and Copper Star Bank, Arizona – had combined assets of $1
billion.
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The closures are
forecast to cost the Federal Deposit Insurance Corporation’s (FDIC)
deposit-insurance fund $204.4 million.
This year’s bank
failures will be the highest since 1992 and are set to rise
further: the
FDIC’s list of “problem”
banks hit 829 lenders at the end of the second quarter, up from 775
at the end of the first quarter.
