>> ASIAONE / BUSINESS / NEWS / STORY
Number of failed US banks exceeds 100
Sat, Oct 24, 2009
AFP

WASHINGTON - The number of failed regional US banks exceeded 100 Friday, after authorities announced the collapse of seven more financial institutions around the country.

A total of 106 regional banks failed in the United States this year, a figure not seen since 1992.

Partners Bank of Naples, Florida, which had capital of 65.5 million dollars, became the 100th bank shut down in the country since the beginning of the year, the Federal Deposit Insurance Corporation announced.

It was closed Friday by the Office of Thrift Supervision, which appointed the FDIC as receiver.

The other collapsed bank, whose closure was announced Friday, include Flagship National Bank of Florida, American United Bank of Georgia, Riverview Community Bank of Minnesota, Bank of Elmwood of Wisconsin and Dupage Bank of Illinois.

 

 

 

 

 

 

 
STORY INDEX
 
  Number of failed US banks exceeds 100
   
 
  Hong Kong tightens lending on luxury homes
   
 
  Australia approves biggest ever Chinese takeover
   
 
  AIG to disburse $16.8 million in delayed exec payments
   
 
  Oil price falls as dollar rebounds
   
 
  US existing home sales surge 9.4 percent
   
 
  Fed to toughen bank reviews in wake of stress tests
   
 
  Britain must wait to exit recession
   
 
  Icahn resigns from Yahoo! board
   
 
  Microsoft beats expectations to cap off big week
   
We welcome contributions, comments and tips.
a1admin@sph.com.sg