Saturday, August 13, 2011

FDIC Shuts Another Bank

Posted By on Sat, Aug 13, 2011 at 10:05 AM

Another week, another bank shuttered. Late Friday, feds closed down the First National Bank of Olathe in Kansas, which is the 64th closure this year. The Federal Deposit Insurance Corp said First National's six branches will reopen as part of the Enterprise Bank & Trust.

In 2010, 157 banks were shut down and 140 failed in 2009.

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