US regulators shut four more banks

February 15 2009 18:00:48

US regulators shut four more banks

Bloomberg

Florida, Nebraska, Illinois and Oregon regulators took over the banks Feb. 13 and, with the Federal Deposit Insurance Corp., sold $807.5 million in deposits and arranged to open the branches under new names on Feb. 17. The closed banks are Florida’s Riverside Bank, Nebraska’s Sherman County Bank, Illinois’ Corn Belt Bank and Trust Co. and Oregon’s Pinnacle Bank.

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