Bank failure Friday

March 1, 2010

Reader note: Some Internet troubles over the weekend delayed this post. Apologies.

#21

  • Failed bank: Carson River Community Bank, Carson City NV
  • Acquiring bank: Heritage Bank of Nevada, Reno NV
  • Vitals: as of 12/31, assets of $51.1 million, deposits of $50 million
  • Estimated DIF damage: $7.9 million

#22

  • Failed bank: Rainier Pacific Bank, Tacoma WA
  • Acquiring bank: Umpqua Bank, Roseburg OR
  • Vitals: as of 12/31, assets of $718 million, deposits of $446 million
  • Estimated DIF damage: $95.2 million

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