Saturday, July 26, 2008

Fed's take down two more banks

First National of Nevada $3.4 billion in assets
First Heritage NA of California $234 million in assets

The FDIC said it would cost them $862 million, or about 24% of the total assets of the above banks.

The FDIC had $53 billion before IndyMac's failure. Add the $7 billion for IndyMac's failure and this, and now the FDIC has about $45 billion.

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