Three more US banks seized

May 03 2009 15:43:11

Three more US banks seized

Bloomberg

Silverton Bank of Atlanta, Citizens Community Bank of Ridgewood, New Jersey, and America West Bank of Layton, Utah, were seized by state regulators. The Federal Deposit Insurance Corp. was named receiver for all three. Silverton was the largest failure since Downey Financial Corp. was shut in November, costing the FDIC about $1.37 billion.

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