ONE MORE BANK CLOSES BRINGING THE THE TOTAL TO 99.WHICH IN ANY OTHER NAME WOULD MEAN TOTAL BANKING MELTDOWN..BUT OF COURSE AMERICA THINK SHE LIVES BY ANOTHER SET OF RULES.
Calif. bank becomes 99th in US to be shut in 2009
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Oct 17, 12:47 AM (ET)
By STEPHEN BERNARD
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NEW YORK (AP) – Regulators shut down San Joaquin Bank in California on Friday, marking the 99th failure this year of a federally insured bank.
The Federal Deposit Insurance Corp. was appointed receiver of San Joaquin Bank, based in Bakersfield, Calif. It had $775 million in assets and $631 million in deposits as of Sept. 29. Continue reading