2009-05-21 — bankimplode.com
This afternoon, FDIC took BKUNA’s assets into receivership. It is the 34th bank to fail in 2009. The Deposit Insurance Fund will absorb an estimated $4.9 billion in losses, which represents 57% of the total deposits BKUNA had as of May 2nd. With total assets of $12.8 billion, BKUNA ties DSL as the largest bank to fail since WaMu.
Read our full coverage here.
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