Regulators Close More US Banks

By: EW News Desk Team   Date: 8 February 2011

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EW News Desk Team

Always on the look out for the latest news to monitor the state of the world economy.

EconomyWatch, News Desk Team

 

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08 February 2011

Regulators last month closed banks in North Carolina, South Carolina, Georgia and Colorado, bringing to seven the number of closures in 2011.

The Federal Deposit Insurance Corporation took over the banks,

the largest by far being United Western Bank, based in Denver, with $2.05 billion in assets.

Also seized were the Bank of Asheville, based in Asheville, N.C., with $195.1 million in assets;

the CommunitySouth Bank and Trust, based in Easley, S.C., with $440.6 million in assets;

and the Enterprise Banking Company, of McDonough, Ga., with $100.9 million in assets,

according to this item in the New York Times.


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