Well now, that's unusual. The 13th bank failure of 2013 occurred this past Tuesday, May 14th. Usually the FDIC waits until Friday late to close a bank. Can you imagine having closed it the day before, on Monday, May 13th? Me either. I guess the Feds are having a little fun with us. Either that or the FDIC is having a baseball game with Goldman Sachs tonight.
The bank in question which failed on Tuesday was
Central Arizona Bank, Scottsdale, Arizona, costing the FDIC a measly $8.6 million.
