U.S. closes two more banks, 87 so far in 2011 - Yahoo! Finance
This trend is not good.
Economy • November 2011 • Views: 973
WASHINGTON (Reuters) - U.S. regulators closed two more banks on Friday — one in Utah and another in Nebraska — bringing the total number this year to 87.
The Federal Deposit Insurance Corporation (FDIC) said the SunFirst Bank of Saint George, Utah, has been closed. It said the three branches of SunFirst Bank will reopen as branches of Cache Valley Bank on Saturday.