Eleven bank failures in the Kansas City area did $1.01 billion in damage to the Federal Deposit Insurance Corp.’s Deposit Insurance Fund from 2008 to 2012.
That’s 11.3 percent, or $102.4 million, more than the original loss estimates the FDIC published at the time the banks were closed.
The failure of Hillcrest Bank missed the FDIC’s original loss estimate by the most, $56.5 million. NBH Holdings acquired Hillcrest in October 2010.
Arvest Bank was the only acquirer to stay under the loss…
Eleven bank failures in the Kansas City area did $1.01 billion in damage to the Federal Deposit Insurance Corp.’s Deposit Insurance Fund from 2008 to 2012.
That’s 11.3 percent, or $102.4 million, more than the original loss estimates the FDIC published at the time the banks were closed.
The failure of Hillcrest Bank missed the FDIC’s original loss estimate by the most, $56.5 million. NBH Holdings acquired Hillcrest in October 2010.
Arvest Bank was the only acquirer to stay under the loss…