Wednesday, October 30, 2013

Bank Failure #23 in 2013: Bank of Jackson County, Graceville, Florida

From the FDIC: First Federal Bank of Florida, Lake City, Florida, Assumes All of the Deposits of Bank of Jackson County, Graceville, Florida
As of June 30, 2013 Bank of Jackson County had approximately $25.5 million in total assets and $25.0 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $5.1 million. ... Bank of Jackson County is the 23rd FDIC-insured institution to fail in the nation this year, and the fourth in Florida.
Is it Friday?  No, just an unusual mid-week bank failure.

No comments:

Post a Comment