It's a new year so the count of bank failures starts all over. The honors for being the first FDIC bank seizures of 2011 go to:
- First Commercial Bank of Florida, Orlando, Florida, $78.0 million
- Legacy Bank, Scottsdale, Arizona, $27.9 million
The above includes the banks' cost estimates to the FDIC deposit insurance fund. For 2010, there were 157 bank failures.
Happy New Year!