bank closures

More Banks Fail in Five States

Federal regulators have shut down more banks in Georgia, Michigan, Minnesota, Missouri and California. The closures Friday bring the number of bank failures this year to 120, the most in a year since 1992 at the height of the savings-and-loan crisis. Last year 25 banks failed, and three were shut down in 2007. This year Georgia has seen 21 banks go under, more than any other state. California and Illinois have also experienced a number of closures. Here are the banks taken over by the Federal Deposit Insurance Corp. on Friday, according to the Associated Press: -- United Commercial Bank ...

 21 

Comments

SHARE