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A gift for Zero from his homies back in the Land of Corruption and Tyrants. |
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Posted on 01/16/2009 5:59:21 PM PST by rabscuttle385
SAN FRANCISCO (MarketWatch) -- Berkeley, Ill.-based National Bank of Commerce was closed by regulators Friday, marking the first bank failure of 2009, the Federal Deposit Insurance Corporation said in a statement.
Republic Bank of Chicago will assume all of National Bank of Commerce's deposits, while the two locations of National Bank of Commerce will reopen Saturday as branches of Republic Bank, the FDIC said.
(Excerpt) Read more at marketwatch.com ...
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A gift for Zero from his homies back in the Land of Corruption and Tyrants. |
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Most people don’t realize that smaller banks are getting bailed out too. In the last two days in the WSJ I’ve read about a bank in Milwaukee, one in Troy, Michigan, and one somewhere else I can’t remember.
Bank closed? Gosh, Friday really sneaks up on a person these days!
Here’s one more for you.
Regulators close bank in Clark County, Washington
http://seattletimes.nwsource.com/html/localnews/2008639081_apwabankclosure1stldwritethru.html
What was the “Texas Ratio” for this outfit?
One source indicates the number was 43. Is that right?
Bank of Clark County-
Anyone have their recent “Texas Ratio”?
One source indicates their rating was 38. Is that right?
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