Thursday, November 7, 2019

While we weren't looking we just had bank failures two, three and four of 2019: Two on October 25 and one on November 1

Louisa Community Bank in Louisa, KY, failed costing the FDIC Deposit Insurance Fund $4.5 million.

Resolute Bank in Maumee, OH, failed costing the FDIC Deposit Insurance Fund $2.2 million.

City National Bank of New Jersey (“City National”) in Newark failed costing the FDIC Deposit Insurance Fund $2.5 million.

As of June 30, 2019 there were 5,303 institutions in the FDIC system.