Four More Banks Shuttered

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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.

 

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