26 July 2008

Two More US Banks Seized by FDIC

The FDIC and the Comptroller of the Currency seized First National Bank of Nevada and First Heritage Bank NA of California, and sold them to Mutual of Omaha.

There have been 7 banks closed in just under the first 7 months of the year, but three of those were seized in the last two weeks.

I expect bank failures for 2008 to exceed 30.


Post a Comment