Using cutting edge research, this blog predicts and comments on the probability of failure for the nearly 7000 regulated banks monitored by the Federal Reserve. While most depositors may be protected by the FDIC, the importance of bank survival is still very important to bank clientele with lines of credit, mortgages, loans or other forms of financing. We seek to inform people that they might be at risk.
Friday, May 23, 2014
Another Top 40 Failure
Fourteenth-ranked Columbia Savings Bank of Cincinnati, Ohio, was closed today by state regulators. The approximately $36.5
million in total assets and $29.5 million in total deposits of the former bank were assumed by United
Fidelity Bank, fsb of Evansville, Indiana. United Fidelity Bank is ranked a very healthy 5216th on our list. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)
will be $5.3 million.