A trifecta of bank failures

Written by Dave Gallagher | The Bellingham Herald | June 19, 2009

On Friday afternoon there were three banks shut down by the FDIC. That makes 40 banks closed in 2009. Here are the details:

First National Bank of Anthony, Kansas, was taken over by the Bank of Kansas. Estimated cost to the FDIC: $32.2 million.

Southern Community Bank of Fayetteville, Ga. was taken over by United Community Bank. Estimated cost to FDIC: $114 million.

Cooperative Bank in Wilmington, N.C., wsa take over by First Bank of Troy, N.C. Estimated cost to FDIC: $217 million.