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.
Saturday, July 11, 2015
Failure Comes to Fourteenth Ranked Bank
Premier Bank of Denver, Colorado, was closed on Friday by the Colorado
Division of Banking, The two branch bank was acquired by United Fidelity
Bank of Evansville, Indiana, to assume all of the deposits of Premier
Bank. As of March 31, 2015, Premier Bank had approximately $31.7 million
in total assets and $29.6 million in total deposits. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF)
will be $4.4 million.
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