FDIC Friday
December 19th, 2009Via: CNN:
Banks in six U.S. states were closed Friday, bringing the total number of failed banks this year to 140, at a cost of over $1 billion to the Federal Deposit Insurance Corporation.
Among the institutions seized by regulators was a so-called “bankers’ bank” in Illinois called Independent Bankers’ Bank (IBB), which had about 450 client banks in four U.S. states.
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