A Note So Capital Idea

The 20th riskiest bank on our most recent list, Capitol City Bank & Trust Company of Atlanta, Georgia, was closed today by state regulators. As of December 31, 2014, the bank had approximately $272.3 million in total assets and $262.7 million in total deposits. Essentially all of both the assets and deposits were acquired by First-Citizens Bank & Trust Company (650th) of  Raleigh, North Carolina. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $88.9 million.