Home / Author Archives: Paul Dauterive

Author Archives: Paul Dauterive

Four Community Banks Closed in Four States

Regulators shut down community banks in Florida, Illinois, Nebraska, and Oregon, on Friday, bringing the total number of failed institutions to 13 during the first 45 days of 2009. The four most recent seizures represent the most on a single day so far this year, and according to multiple media reports, regulators are bracing for dozens more banks to collapse in the coming months as the national recession deepens.

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