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Saturday, November 21, 2009 1:36 PM

Published 11/07/2009 by MarketWatch


FDIC takes $1.5 billion hit

SAN FRANCISCO (MarketWatch) -- Five more banks, including a California-based institution that reportedly received federal bailout funds in 2008, were closed Friday by regulators, bringing the 2009 total to 120 failed banks.

The latest banks to be taken over were United Security Bank of Sparta,...

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$11 billion bank fails
SAN FRANCISCO (MarketWatch) -- Five more banks, including a California-based institution that reportedly received federal bailout funds in 2008, were closed Friday ... - [11/07/2009 - MarketWatch]
5 more banks fail, shutdown tally 120
New York, November 7 -- In yet another case of bank failure, United Commercial Bank was closed Friday, bringing the total to 120 this year.On an average, 11 banks ... - [11/07/2009 - The Money Times]
BRIEF: Hancock County bank closed by state agency
(The Macon Telegraph - McClatchy-Tribune Information Services via COMTEX) -- UNITED SECURITY BANK IN SPARTA -- including the Bank of Woodstock branch -- was closed ... - [11/07/2009 - TMC Net]
Bank failure Friday - [11/06/2009 - Rolfe Winkler - Reuters]
BRIEF-Regulators close small Georgia bank, 116t... - [11/06/2009 - FinanzNachrichten.de]
Georgia's United Security year's 116th failed bank - [11/06/2009 - MarketWatch]
Ameris Bancorp Announces Acquisition of United ... - [11/06/2009 - Financial Services]
United Security Of Sparta Georgia Is 116th Bank... - [11/06/2009 - 24/7 Wall St.]
Georgia bank fails - [11/06/2009 - CNN Money]
Georgia-Based United Security Bank Closed By Re... - [11/06/2009 - Nasdaq]
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Watchdog review finds FDIC contract problems [Business - cleveland.com - 11/10/2009]
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FDIC Chairman Sheila Bair said the FDIC's upcoming quarterly report would show that "not many large institutions are doing a very good job of lending." ...
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On September 29th the FDIC announced a plan to bolster its reserves. There were three basic choices: A) Borrow from the Federal Financing BankComplete Story » ...
FDIC seized 'healthy' banks [Dealscape - 11/10/2009]
Critics of the FDIC such as Sen. Chris Dodd may have new ammunition against the regulator as some of the 120 banks that failed this year were deemed 'healthy,' possibly ...
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Audio/Video

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Dodd Said to Propose Removing Certain Fed, FDIC... [Bloomberg - YouTube - 11/10/2009]
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