Regulators Close More US Banks
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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;
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.
