Nine Banks One Week – FDIC Friday
{ Posted on Nov 01 2009 by Jordan }
Prior to this week the FDIC had closed just over100 banks. However after “FDIC Friday” nine banks shut their doors, mostly due to plunging real estate values in the western US that eroded the value of the collateral backing the loans.
Who Closed Shop
Nine banks total closed up shop, all owned by FBOP [...]
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