Regulators shut 4 more banks, making a total of 68 failures for the year

Regulators have shut down banks in Florida, New Jersey, Ohio and Oklahoma, boosting to 68 the number of federally insured banks to fail this year amid the pressures of the weak economy and mounting loan defaults.

The Federal Deposit Insurance Corp. was appointed receiver of the banks: Integrity Bank based in Jupiter, Fla., with $119 million in assets and $102 million in deposits; First BankAmericano, Elizabeth, N.J., with $166 million in assets and $157 million in deposits; Peoples Community Bank, West Chester, Ohio, $705.8 million in assets and $598.2 million in deposits; and First State Bank of Altus, Okla., $103.4 million in assets and $98.2 million in deposits.

Join the Discussion
blog comments powered by Disqus
 
You Might Also Like...