Comment on U.S. Banks Failing At Fastest Pace In 2 Decades

U.S. Banks Failing At Fastest Pace In 2 Decades

MARCY GORDON, Associated PressWASHINGTON -- Regulators shut down four more banks Friday, bringing the 2010 total to 143, topping the 140 shuttered last year and the most in a year since the savings-and-loan crisis two decades ago.The Federal Deposit Insurance Corp. took over K Bank, based in Randallstown, Maryland, with $538.3 million in assets, and Pierce Commercial Bank, based in Tacoma, Washington, with $221.1 million in assets.

 

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