Regulators Seize Seven Banks; Total for Year is 140

Posted on 12/20/2009 by Liberty Pulse with 0 comments

Regulators Seize Seven Banks; Total for Year is 140

Regulators closed seven more banks Friday, including four that each had more than $1 billion in assets. The biggest to be seized was First Federal Bank of California, of Santa Monica, Calif. The Office of Thrift Supervision shut down the bank and appointed the Federal Deposit Insurance Corp. as receiver.

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