Monday, October 5, 2015

October begins with a bang as FDIC closes two banks

The Bank of Georgia, located in Peachtree City, GA, and Hometown National Bank, located in Longview, WA. were closed down by the FDIC on Friday, Oct. 2.  These bank failures are the first two for the month of October and bring the overall number of bank closures in 2015 to 8.
10/2/2015 *** Washington *** Longview *** Hometown National Bank *** $1.6 million dollar estimated FDIC DIF cost.
10/2/2015 *** Georgia *** Peachtree City *** The Bank of Georgia *** $23.2 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $24.8 million.


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