Sunday, October 17, 2010

FDIC Shutters 132nd Bank, Sixth In Missouri

The Premiere Bank of Jefferson City, Missouri was closed by regulators Friday. On Saturday it was reopened as branches of Providence Bank, as reported by the Federal Deposit Insurance Company. The tally of US bank failures this year is now at 132. The FDIC estimates the failure of this bank will cost the deposit-insurance fund $406.9 million.


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