Bank failure Friday 9-18
This post coming to you live, via iPhone, from JFK airport where I’m waiting for my flight to Chicago. Apologies for awkward formatting.
- Failed banks: Irwin Union Bank & Trust, Columbus IN…Irwin Union Bank FSB, Louisville, KY
- Acquiring bank: First Financial Bank NA, Hamilton OH
- Vitals: as if 8/31: assets of $2.7 billion/$493 million, deposits of $2.1 billion/$441 million
- DIF damage: $850 million
L’shanah tovah everyone!