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Unformatted text preview: crease. The DIF
increased by $4.9 billion to post its first positive
quarterly balance, $3.9 billion, since June 2009.
The DIF must now continue to build toward
the Dodd-Frank 2020 goal of 1.35% of insured
deposits. The FDIC also reported in October
2011 that it is closing two of its three temporary
field offices set up to handle the increase in bank
failures. Colorado Banks
As stated in 2010, Colorado’s community banks
had limited options for raising new capital as
required by regulators. Some of Colorado’s troubled community banks were able to raise capital
and repair their balance sheets; however, six could
not and were closed by the FDIC in 2011. It should
be noted that the magnitude of the increase in Colorado bank failures in 2011 over prior years was continued on page 60
59 2012 Colorado Business Economic Outlook Financial Activities
continued from page 59 likely a function of FDIC scheduling of resources
rather than sudden local industry downturn. The
most common form of raising capital for these
banks was private placement investments, wher...
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