31.05.2010 - List of failed US banks grows as bad real estate loans pile up
From Gulfnews.com: Three Bank of Florida lenders were closed by regulators Friday. The company sold about $1.2 billion (Dh4.40 billion) in deposits to EverBank, a firm that specialises in online banking, as the latest round of bank closures sent the 2010 toll to 78. EverBank purchased the three banks from the Federal Deposit Insurance Corporation (FDIC), which was named receiver, according to statements on the agency's website. Lenders in California and Nevada were also closed, with City National buying the Las Vegas-based Sun West Bank...........................................Full Article: Source
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