Bank Failure #44 in 2012: GulfSouth Private Bank, Destin, Florida
From the FDIC: SmartBank, Pigeon Forge, Tennessee, Assumes All of the Deposits of GulfSouth Private Bank, Destin, Florida
As of June 30, 2012, GulfSouth Private Bank had approximately $159.1 million in total assets and $151.1 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $36.1 million. ... GulfSouth Private Bank is the 44th FDIC-insured institution to fail in the nation this year, and the sixth in Florida.
Bank Failure #45: First East Side Savings Bank, Tamarac, Florida
From the FDIC: Stearns
Bank National Association, St. Cloud, Minnesota, Assumes All of the
Deposits of First East Side Savings Bank, Tamarac, Florida
As of June 30, 2012, First East Side Savings Bank had approximately $67.2 million in total assets and $65.9 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $9.1 million. ... First East Side Savings Bank is the 45th FDIC-insured institution to fail in the nation this year, and the seventh in Florida.
Bank Failure #46 in 2012: Excel Bank, Sedalia, Missouri
From the FDIC: Simmons First National Bank, Pine Bluff, Arkansas, Assumes All of the Deposits of Excel Bank, Sedalia, Missouri
As of June 30, 2012, Excel Bank had approximately $200.6 million in total assets and $187.4 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $40.9 million. ... Excel Bank is the 46th FDIC-insured institution to fail in the nation this year, and the third in Missouri.
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