WASHINGTON – Seven more banks failed Friday, with bank seizures spreading to Puerto Rico, where three institutions were seized by regulators.
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Friday’s failures include: $12 billion Westernbank Puerto Rico, in Mayaguez; $6 billion R-G Premier Bank of Puerto Rico, in Hato Rey; and, $2.6 billion Eurobank, in San Juan.
Also failing Friday were: $3.5 billion Frontier Bank, Everett, Wash.; $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 failures 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.
