May 082010

This year’s total number of closed banks is now 68, twice as many as this time last year. The banks failures occurred in Arizona, California, Florida and Minnesota. FDIC Chairman, Sheila Bair, said recently that the number of closures will likely peak this year at a slightly higher rate than last year.

 Leave a Reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>