Washington - Two More Banks Fail; FDIC Takes Over |
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Published on:
Jul 27, 2008 at 11:25 AM
News Source: Market Watch

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FDIC will retain most of First National's loan portfolio, Mutual of Omaha Bank said in a statement on its Web site.
The FDIC said the failures would likely cost the FDIC's deposit insurance fund roughly $862 million. The failed banks had combined assets of $3.6 billion, .03% of the $13.4 trillion in assets held by the 8,494 institutions insured by the FDIC.
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Read Comments (2) — Post Yours »
1
Jul 27, 2008 at 07:32 PM Anonymous Says:
Wow Who Comes Next Over $100,000 Is Not Insured By F D I C
2
Jul 28, 2008 at 08:45 AM Anonymous Says:
you can add on your wife and kids etc... so you if you have 300k in an account and your wife and child are on it then I think you might be insured for the full amount. I am not sure if it is per a bank or per an account. It is something to look into. You can also keep in money in bonds or treasuries.