Bank Closures | featured news

Two bank failures raise year's tally to 30

Two bank failures raise year's tally to 30

The closures of Statewide Bank in Louisiana and Florida's Old Southern Bank brought the number of bank failures this year to 30, according to the Federal Deposit Insurance Corp.

 

Five bank closures to cost FDIC fund $1.5 bln

A California-based bank that focused on the Chinese-American market was the largest of five failures on Friday that cost U.S. taxpayers more than $1.5 billion.

 

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