Arcola Homestead Savings Bank
Date:
June 4, 2010
Maximum Amount:
$0.02 billion
Amount Spent:
$0.00 billion
Deficit Impact:
$0.00 billion This bank has been closed, and individual deposits up to $250,000 have been insured by the FDIC. Other banking institutions have agreed to take on the bank's various deposits.
Source:
Notes:
Although FDIC costs are counted on-budget, they should eventually be offset by proceeds from the sale of liquidated assets and higher premiums for deposit insurance. Maximum amount indicates value of total bank deposits. Amount spent and deficit impact represent FDIC-estimated cost to deposit insurance fund.