federal deposit insurance corp

    Seven More Banks Fail, Bringing Total to 140

    By Tom Johansmeyer

    | 10:00AM 12/20/2009
    The financial crisis has claimed seven more banks, bringing the total number of casualties this year to 140. The FDIC took over all seven of them: Two large banks in California, and smaller ones in Alabama, Florida, Georgia, Michigan and Illinois.
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    Bank closings hit 100 for year; most since 1992

    By The Associated Press

    | 5:30PM 10/23/2009
    Bank closings for the year hit 100 on Friday when regulators shut down Partners Bank in Florida. Financial institutions in the U.S. have collapsed under the weight of soured real estate loans and the Great Recession. The Federal Deposit Insurance Corp. took over Partners Bank, a small bank in...
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