Sunday, October 21, 2012

3 More US Banks Fail

Three more US banks failed, on Friday, bringing the 2012 total to forty-six.

The Federal Deposit Insurance Corp. seized Excel Bank in Sedalia, Missouri, GulfSouth Private Bank, in Destin, Florida, and First East Side Savings Bank, in Tamarac, Florida.

Other banking establishments, around the country, took over the accounts of the three.

Bank closures are down from last week, but still averaging more than one a week.

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