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, February 13, 2015
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.