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Archive Home > 2009 > October > 31 > FDIC shuts down 9 more banks

FDIC shuts down 9 more banks


October 31, 2009

Regulators shut nine banks Friday, including Los Angeles-based California National, as the still-weak economy produces a stream of loan defaults.

The banks were units of privately held FBOP Corp., a Chicago-based bank holding company.

The Federal Deposit Insurance Corp. said U.S. Bank in....

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