2011-01-21 — bankimplode.com
The FDIC can find no takers for the assets of enterprise banking Company, McDonough, Georgia. So, it created its own bank to protect the insured deposits held there. The agency estimates that the cost to the Deposit Insurance Fund (DIF) will be $39.6 million. Enterprise Banking Company is the fourth FDIC-insured institution to fail in the nation this year, and the second in Georgia. Read our full coverage here.
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