by Deb Cupples | Reuters reports that regulators shut down three banks last week: County Bank of Merced, California; Alliance Bank, based in California; and FirstBank Financial Services, based in Georgia.
In 2008, the FDIC seized 25 banks: in 2007, only 3 banks. In 2005-2006 (i.e., a time of artificially over-valued assets, partly due to the housing bubble), the FDIC seized zero banks.
You can see a list of failed banks starting in October 2000 at the FDIC's website. The FDIC's main page has all sorts of other interesting info.
dang
Posted by: rawdawg | February 09, 2009 at 10:35 AM