Allendale County Bank, Fairfax, South Carolina, failed on Friday costing the FDIC $17.1 million.
It was the sixth bank failure of 2014, and the 498th since February 2007.
FDIC insured institutions number 6,812 through 12/31/13.
Calculated Risk reports on the unofficial problem bank list and statistics here:
For the week, there were nine removals and one addition that leave the list at 513 institutions with assets of $167.3 billion. A year ago, the list held 775 institutions with assets of $285.3 billion.
