FDIC Shutters Three Banks, Making 20 Failures For The Year

 

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WASHINGTON – Regulators closed three more banks Friday, in Georgia, Colorado and Kansas, bringing to 20 the number of bank failures so far this year.

Friday’s failures are: FirstCity Bank of Stockbridge, Ga.,with $297 million in assets; Colorado National Bank of Colorado Springs, with $123.5 million in assets; and Teambank N.A. of Paola, Kan., with assets of $669.8 million.

The closures came the same day NCUA took over the two biggest corporate credit unions, $34 billion U.S. Central FCU and $23 billion WesCorp FCU.


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