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Bank #18 Bites the Dust

Old 03-20-2009, 05:11 PM
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Default Bank #18 Bites the Dust

Bank failure #18 -- so far, this year, and we aren't even 25% into the year.


WASHINGTON, March 20 (Reuters) - U.S. bank regulators on Friday closed FirstCity Bank of Stockbridge, Georgia, the 18th U.S. bank to fail this year as the struggling economy and falling home prices take their toll on financial institutions. ...

In 2008, 25 U.S. banks were seized by officials, up from only three in 2007.



http://www.reuters.com/article/marke...51508220090320
Old 03-20-2009, 06:37 PM
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Thank goodness for the FDIC!
Old 03-20-2009, 06:43 PM
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Missa Eyeball: Does your DOA tally now include the 2 failed wholesale credit unions taken over today - US Central in Kansas and WesCorp in California? Aw, heck, what's another 57 billion in assets?
Old 03-20-2009, 11:24 PM
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Originally Posted by BWO View Post
Missa Eyeball: Does your DOA tally now include the 2 failed wholesale credit unions taken over today - US Central in Kansas and WesCorp in California? Aw, heck, what's another 57 billion in assets?
No. Just heard on the radio we are up to 20-bank failures, today.

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