Six bank failures bring 2010 tally to 96

Source: MarketWatch

July 16, 2010, 6:41 p.m. EDT

SAN FRANCISCO (MarketWatch) -- Five more bank failures brought the total tally for the year to 96, according to the Federal Deposit Insurance Corp. on Friday. Commercial Bank of Alma, Mich., will assume all of the deposits of Mainstreet Savings Bank, FSB, in Hastings, Mich; and CenterState Bank of Winter Haven, Fla., will assume all of the deposits of Olde Cypress Community Bank of Clewiston, Fla. Also, NAFH National Bank of Miami will assume deposits for Miami's Metro Bank of Dade County; Turnberry Bank of Aventura, Fla.; and First National Bank of the South in Spartanburg, S.C. Earlier in the day, regulators closed Woodlands Bank in Bluffton, S.C., with Bank of the Ozarks of Little Rock, Ark., assuming all its deposits. The total charge to the deposit-insurance fund for the five banks is $334.8 million.


Read more: http://www.marketwatch.com/story/five-more-bank-failures-bring-2010-tally-to-96-2010-07-16-1835260?reflink=MW_news_stmp

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http://www.fdic.gov/bank/individual/failed/banklist.html

:(

That info will go under appreciated here.

lets just make them all too big to fail.

If they had the staff and could find banks to take over the accounts.

Would you rather lose your money to a small bank or one too big to fail?


:sarcasm: