There were two banks in the US that closed their doors on Friday, February 10th in the states of Indiana and Illinois. SCB bank, located in Shelbyville, Indiana, and Charter National Bank and Trust, located in Hoffman Estates, Illinois, are the first two bank casualties for the month of February, and bring the total for 2012 to 9.
2/10/2012 *** IN *** Shelbyville *** SCB Bank *** $33.9 million dollar estimated FDIC DIF cost.
2/10/2012 *** IL *** Hoffman Estates *** Charter National Bank and Trust *** $17.4 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $51.3 million dollars.
If you were banking at SCB Bank, in Shelbyville, Indiana, you are now banking at First Merchants Bank N.A.. If you were banking at Charter National Bank and Trust in Hoffman Estates, Illinois, you are now banking at Barrington Bank and Trust Company N.A..
For more on the FDIC bank closure lists you can go to the FDIC website and search through their report of failed banks, credit unions, and Trusts.
In 2011, there were a total of 92 banks that went into receivership, were merged with another financial institution, or closed their doors entirely.
Currently, there are nearly 1000 banks and other financial organizations on the troubled list due to mortgages, derivatives, and bad investments.
At the current rate of bank and financial institutions closing their doors so far this year, the estimated total number of closures for 2012 could reach 78.
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