BANK # 124 FAILED TODAY !
Commerce Bank of Southwest Florida
press release:
http://www.fdic.gov/news/news/press/2009/pr09211.html
(excerpt):
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $23.6 million. Central Bank’s acquisition of all the deposits was the “least costly” resolution for the FDIC’s DIF compared to alternatives. Commerce Bank of Southwest Florida is the 124th FDIC-insured institution to fail in the nation this year, and the twelfth in Florida. The last FDIC-insured institution closed in the state was Orion Bank, Naples, on November 13, 2009.
(end Excerpt)
The Night is still Young....
Commerce Bank of Southwest Florida is the 124th FDIC-insured institution to fail in the nation this year, and the twelfth in Florida. The last FDIC-insured institution closed in the state was Orion Bank, Naples, on November 13, 2009.<<<
It keeps coming closer to us each day.
It always makes me think of Mary saying “We got to the bank and the door was locked, then a hand hung a sign in the window “This Bank is closed”.