Federal regulators close 9 banks
Since this is still happening, it may be a good idea to start plotting the available information if only to see the rate(s) of change.
Amplify’d from www.google.com
NEW YORK — Regulators shut California National Bank of Los Angeles and eight other banks as the weak economy continues to produce a stream of loan defaults.
Deposits totaled $15.4 billion at the end of September. The nine banks had 153 offices, which will reopen as U.S. Bank branches Saturday.
Oct 30, 2009
The banks closed by the Federal Deposit Insurance Corporation were in California, Illinois, Texas and Arizona. They were divisions of privately held FBOP Corp., a Chicago-based bank holding company.
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