Five banks seized in FDIC Friday night special

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Here are the latest FDIC seizures:

First State Bank of Altus, Altus, Oklahoma

  • Total assets of $103.4 million and deposits of approximately $98.2 million
  • Estimated cost to the Deposit Insurance Fund (DIF): $25.2 million.

Integrity Bank, Jupiter, Florida

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  • Total assets of $119 million and total deposits of approximately $102 million.
  • Stonegate Bank paid a premium of 0.20 percent to acquire the deposits.
  • Estimated cost to the Deposit Insurance Fund (DIF): $46 million
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Peoples Community Bank, West Chester, Ohio

  • Total assets of $705.8 million and total deposits of approximately $598.2 million.
  • First Financial Bank, N.A. will pay the FDIC a premium of 1.5 percent to assume the deposits.
  • Estimated cost to the Deposit Insurance Fund (DIF): $129.5 million

First Bankamericano, Elizabeth, New Jersey

  • Total assets of $166 million and total deposits of approximately $157 million.
  • Estimated cost to the Deposit Insurance Fund (DIF): $15 million.

Mutual Bank, Harvey, Illinois

  • Total assets of $1.6 billion and total deposits of $1.6 billion.
  • The FDIC and United Central Bank entered into a loss-share transaction on approximately $1.3 billion of Mutual Bank’s assets.
  • Estimated cost to the Deposit Insurance Fund (DIF): $696 million.

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