FDIC Friday Night Feast (Failed Bank List as of February 5, 2010 - 1 Bank Closed Today - $3.1 Million Total Insurance Charge)

The FDIC only closed one (1) bank on February 5, 2010 -- First American State Bank of Minnesota in Hancock, Minnesota.

• First American State Bank of Minnesota will cost $3.1 million against the FDIC insurance fund.

The total amount charged against the FDIC insurance fund today is $3,100,000 (or $3.1 million). At this point, sixteen (16) banks have closed this year.