WASHINGTON-Seven more banks failed April 30, with bank seizures spreading to Puerto Rico, where three institutions were seized by regulators.
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Recent failures include: $12-billion Westernbank Puerto Rico, Mayaguez; $6-billion R-G Premier Bank of Puerto Rico, Hato Rey; and $2.6-billion Eurobank, San Juan.
Also failing as of April 30 were: $3.5-billion Frontier Bank, Everett, Wa.; $1.65-billion CF Bancorp, Port Huron, Mich.; $67-million BC National Banks, Butler, Mo.; and $187-million Champion Bank, Creve Coeur, Mo.
That makes a total of 64 bank failure so far this year, after 140 failures in 2009. There have been nine credit union failures so far in 2010 and were 28 in 2009.
