Five Banks Are Seized, Raising U.S. Failures This Year to 45


	Five Banks Are Seized, Raising U.S. Failures This Year to 45

etellefs

6-29-2009 12:49 PM

25 views

etellefs says:

Small businesses being gobbled up by competitors. I wonder if TARP payments are a factor in any of these purchases...

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/303410e9-083d-4a60-be98-bef635884b73/72C0E842-0F79-44D4-9B46-DA674B50A13D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbHA.m7rikc" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbHA.m7rikc" style="font-size: 11px;">www.bloomberg.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbHA.m7rikc"><SPAN class="news_story_title">Five Banks Are Seized, Raising U.S. Failures This Year to 45 </SPAN></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbHA.m7rikc"><P>By Margaret Chadbourn</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbHA.m7rikc"><P>     June 27 (Bloomberg) -- Five U.S. banks with total assets of
about $1.04 billion were seized by regulators, pushing <A target="_blank" href="http://www.fdic.gov/bank/individual/failed/banklist.html">this
year’s tally</A> of failures to 45 as a recession drives up
unemployment and home foreclosures.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.bloomberg.com/apps/news?pid=20601087&sid=aCbHA.m7rikc"><P>Community Bank of West Georgia, in Villa Rica, Georgia;
Neighborhood Community Bank of Newnan, Georgia; Horizon Bank of
Pine City, Minnesota; MetroPacific Bank of Irvine, California;
and Mirae Bank of Los Angeles were closed yesterday by state
regulators, according to statements from the Federal Deposit
Insurance Corp. <A target="_blank" href="http://www.fdic.gov/index.html">The FDIC</A> was named receiver of the four banks.     </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/72C0E842-0F79-44D4-9B46-DA674B50A13D/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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