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Feds Close 9 More Banks

Failures, mostly in west, bring total to 115

By the Associated Press

Posted Oct 31, 2009 7:14 AM CDT

(AP) – Regulators have shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults. The banks closed yesterday by the FDIC were in California, Illinois, Texas and Arizona. They were divisions of privately... Read full story »

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Feds Close 9 More Banks

Failures, mostly in west, bring total to 115

FDIC • banks • loan defaults

MOST POPULAR STORIES

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More Newser Stories

Bank Failures Far From Over

Failures down in 2011, but weak banks are taking longer to recover or die

FDIC Seizes 6 Banks, for Total of 34 This Year

But the pace is down from last year

Quarter of US Households Have Limited Bank Access

Minorities, low-income families hit hardest

Be Very Afraid: Goldman Sachs Is Smiling

High-risk model hasn't changed, could lead to new crisis, says Reich

FDIC Hunts for IndyMac Buyer

Feds want to see it as a whole; see more small banks failing in future

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