Regulators close 132nd U.S. bank so far this year
December 13, 2009 in News
U.S. regulators closed Republic Federal Bank, N.A., SolutionsBank and Valley Capital Bank on Friday, bringing the total number of bank failures so far this year to 133, the Federal Deposit Insurance Corp said. Community and regional banks have been failing at the highest annual level since 1992, as the industry grapples with souring loans tied to mortgages and commercial real estate loans made during the credit boom.
