Failed Bank Number Reaches 24 in 2012
According to research and information firm S Financial, federal regulators have closed less banks so far this year than by this time in 2011.
May 24, 2012
Regulators closed one bank last week, taking the year's failed bank total to 24, according to figures from Charlottesville, Va.-based S Financial. By comparison, regulators had closed 43 banks through the end of May 20, 2011. Alabama Trust Bank, which was established in 2000, was the latest bank to be closed by federal regulators. The bank had total assets of $51.6 million. The 24 banks that have failed so far in 2012 had asset sizes between $48 and $818 million. According to S , th... Read full story on Bank Systems & Technology
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