Four More Banks Shuttered
WASHINGTON – Regulators closed four more banks Friday, making 11 failures so far in 2011.
The latest failures are: First Community Bank, a $2.3 billion Taos, N.M., institution; First Tier Bank, a $780 million bank in Louisville, Colo.; $246 million Evergreen State Bank, Stoughton, Wis.; and, $44 million The First State Bank, Camargo, Okla.
The total cost of the year’s 11 banking failures now totals $1.2 billion.
There were 157 bank failures and 28 credit union failures in 2010.