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05/13/2021

Liberty Pulse

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Two western banks fail, total for week is five

1 min read

Two western banks fail, total for week is five

Two more banks in the western United States failed, bringing the total number of closings on Friday to five.

Regulators shut down Sun West Bank in Las Vegas and Granite Community Bank N.A., in Granite Bay, Calif. The Federal Deposit Insurance Corp. arranged for City National Bank, of Los Angeles, to absorb Sun West, and for Tri Counties Bank, of Chico, Calif., to take over Granite Community.

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