WASHINGTON — An emergency 20-basis-point deposit insurance premium sparked outrage Friday from community bankers, who accused the Federal Deposit Insurance Corp. of squeezing their earnings to stem losses they did not cause.

"Apparently, history has taught us nothing. The federal Deposit Insurance Fund bailed out the S&Ls in the '80s, and now we are pouring the risk of large, systemically important institutions on to the back of the community banks," said Noah Wilcox, the president and chief executive officer of the $244 million-asset Grand Rapids State Bank, a unit of Wilcox Bancshares Inc. in Grand Rapids, Minn.

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