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Kansas, Colorado, Georgia Banks Shut as Losses Mount
sunstreak509
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3-22-2009 4:40 AM
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banks
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business fdic
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economy
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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/abcfd4da-34f3-4fd5-90a0-ff5a4ea0732a/951B5653-ECA3-470C-892E-B53385F7406E/" 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=aVLLNdvmmpaQ&refer=home" href="http://www.bloomberg.com/apps/news?pid=20601087&sid=aVLLNdvmmpaQ&refer=home" 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=aVLLNdvmmpaQ&refer=home"><P>March 21 (Bloomberg) -- Banks in Kansas, Colorado and Georgia were seized, pushing this year’s tally of failed U.S. lenders to 20, as foreclosures surged amid a recession and the highest unemployment in a quarter century. </p> <P>The banks with $1.1 billion in total assets and $853 million in deposits were shut by regulators, and the <A target="_blank" href="http://www.fdic.gov/bank/individual/failed/banklist.html">Federal Deposit Insurance Corp.</A> was named receiver, according to e- mailed statements yesterday from the FDIC. </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=aVLLNdvmmpaQ&refer=home"><P>The U.S. economy has shed 4.4 million jobs since the recession began in December 2007. Unemployment jumped to 8.1 percent in February, the highest in more than 25 years. A $787 billion government stimulus package is aimed at creating or saving 3.5 million jobs and easing credit. </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;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/951B5653-ECA3-470C-892E-B53385F7406E/blog/" title="blog or email this clip"><img src="http://content8.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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