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4 Failed Banks Cost FDIC $342 Million

Feb 16, 2009By

On the day of the most bank closings so far in 2009, regulators closed four more banks late Friday and named the Federal Deposit Insurance Corp. as receiver. The announcement brought total closings to 13 for the year as of Feb. 13. The estimated cost of all four banks to the Deposit Insurance Fund will be some $341.6, the FDIC said. Number 10

3d rendering of a row of luxury townhouses along a street

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