4 ms·

First actual FDIC takeover since 2020, I think.

• ellisv 4y ago
  | The last FDIC-insured institution to close was Almena State Bank, Almena, Kansas, on October 23, 2020. From the release.
  • _delirium 4y ago
    The FDIC also maintains a "failed bank list" that is kind of interesting to browse (goes back to 2000): https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/ https://www.fdic.gov/resources/resolutions/bank-failures/fai...
  • sjkoelle 4y ago
    strong "days since last fatal accident" vibes from that sentence
• kerowak 4y ago
  For comparison, alamena had 68m in deposits compared to SVB’s 175b https://www.fdic.gov/news/press-releases/2020/pr20119.html https://www.fdic.gov/news/press-releases/2020/pr20119.html
• megaman8 4y ago
  yes but if you look at the decade before that, it was pretty common about 3-10 or so bank takeovers per year, from the link below.