BANK....BUST....FRIDAY !!!! The MarMar's Birthday edition......

[marmar]

Aging GenXers Unite !!!! :party:



Bank Closing Information - February 19, 2010


La Jolla Bank, FSB, La Jolla, CA
George Washington Savings Bank, Orland Park, IL
The La Coste National Bank, La Coste, TX
Marco Community Bank, Marco Island, FL


www.fdic.gov

[EmeraldCityGrl]

1. A very Happy Birthday to you!

:party: :toast:

[marmar]

2. Thank you....

nt

[OhioChick]

3. Happy Birthday!

:party:

[marmar]

4. Gracias.

:hi:

[FarCenter]

5. LaJolla is a big one -- will cost the FDIC $882.3 million.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $882.3 million.

Geoge Washington -- The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $141.4 million

So it is a well over $1 billion weekend for the FDIC losses.

[FarCenter]

6. Loans to residential developers take down La Jolla Bank.

"Like many community banks, La Jolla Bank didn't make subprime loans or zero-down payment residential mortgages. But it did lend money to residential developers. And some of these construction and land development loans have turned bad as the economy remained weak. "

http://www.signonsandiego.com/news/2009/nov/18/problem-loans-take-toll-on-la-jolla-bank/

[ixion]

7. Happy Bank Bust Friday, Marmar

from one aging GenX'er to another. :toast: :smoke: :party:

[cal04]

8. Happy Birthday marmar

:hug: :party: :toast:

[Solly Mack]

9. Happy Birthday, marmar!