Saturday, August 23, 2008

If it's the Weekend it Must be Bank Failure Time!

Actually it's been three weeks. In all seriousness pay attention to those FDIC limits.
Or use this bank.
From MarketWatch:
Regulators close Kansas bank
State and Federal regulators shut down Columbian Bank and Trust of Topeka, Kan. -- the ninth bank to fail so far this year and the fifth since mid-July.

The Federal Deposit Insurance Corp. estimates the failure will cost its deposit insurance fund $60 million. Columbian Bank and Trust had $752 million of assets and $622 million of deposits as of June 30, the FDIC said....MORE