Bank Failure Friday - The First Crop of the 2011 Class

It's a new year so the count of bank failures starts all over. The honors for being the first FDIC bank seizures of 2011 go to:

  1. First Commercial Bank of Florida, Orlando, Florida, $78.0 million
  2. Legacy Bank, Scottsdale, Arizona, $27.9 million

The above includes the banks' cost estimates to the FDIC deposit insurance fund. For 2010, there were 157 bank failures.

Happy New Year!

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