Bank regulators closed two small banks on Friday, the first U.S. banks to fail this year but the latest in an upsurge that began last year as the struggling economy and falling home prices took their toll on financial institutions.
The Federal Deposit Insurance Corp said National Bank of Commerce of Berkeley, Illinois and Bank of Clark County of Vancouver, Washington were closing with other banks taking over their insured deposits.
In 2008, 25 banks were seized by officials, up from just 3 in 2007.
Two U.S. banks fail, first casualties in 2009
Maggie was faced with a tough choice in February 2025: quit her job at the US...
The US labor market picked up in March as employers showed signs of resilience amid the...
David West raised four kids in Los Angeles working as a Hollywood cinematographer — no mean...
