Of the 11 bank failures in the metro area since 2008, only one acquiring bank stayed under the Federal Deposit Insurance Corp.’s initial estimate for losses to the Deposit Insurance Fund.
Regulators closed SolutionsBank in December 2009. Arvest Bank acquired it and has a loss-sharing agreement on about $411.3 million in assets. The FDIC estimated losses to the fund of $122.1 million. As of Dec. 31, 2012, Arvest submitted $115 million to the FDIC for loss share, or 5.8 percent less than the estimate.
That’s…
Of the 11 bank failures in the metro area since 2008, only one acquiring bank stayed under the Federal Deposit Insurance Corp.’s initial estimate for losses to the Deposit Insurance Fund.
Regulators closed SolutionsBank in December 2009. Arvest Bank acquired it and has a loss-sharing agreement on about $411.3 million in assets. The FDIC estimated losses to the fund of $122.1 million. As of Dec. 31, 2012, Arvest submitted $115 million to the FDIC for loss share, or 5.8 percent less than the estimate.
That’s…