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L.A.-based First Regional closed by regulators (14th U.S. bank failure of 2010)
MarketWatch ^ | January 29, 2010 | John Letzing

Posted on 01/29/2010 6:03:57 PM PST by Cheap_Hessian

SAN FRANCISCO (MarketWatch) -- Los Angeles, Calif.-based First Regional Bank was closed by regulators Friday, marking the 14th U.S. bank failure of 2010.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bank; bankfailure; fdic

1 posted on 01/29/2010 6:03:57 PM PST by Cheap_Hessian
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To: Cheap_Hessian

14 banks in 29 days?


2 posted on 01/29/2010 6:11:19 PM PST by Just A Nobody ( (Better Dead than RED! NEVER AGAIN...Support our Troops! Beware the ENEMEDIA))
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To: Just A Nobody

Yes. I think there were five today.


3 posted on 01/29/2010 6:12:44 PM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: AuntB; Willie Green

It’s interesting that these bank failures don’t get much ink anymore.


4 posted on 01/29/2010 6:15:14 PM PST by Clintonfatigued (Liberal sacred cows make great hamburger)
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To: Just A Nobody
Actually, now it's 15. Another one just went down.

American Marine Bank Bainbridge Island, Washington

5 posted on 01/29/2010 6:18:20 PM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: Cheap_Hessian
WOW! I was too busy following the spectacle of the day, aka the GOP House retreat to notice this. Thanks for posting.
6 posted on 01/29/2010 6:19:23 PM PST by Just A Nobody ( (Better Dead than RED! NEVER AGAIN...Support our Troops! Beware the ENEMEDIA))
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To: Cheap_Hessian

So far, a total six banks have failed today...

American Marine Bank, Bainbridge Island, WA
First Regional Bank, Los Angeles, CA
Community Bank & Trust, Cornelia, GA
Marshall Bank, Hallock, MN
Florida Community Bank, Immokalee, FL
First National Bank of Georgia, Carrollton, GA


7 posted on 01/29/2010 6:25:24 PM PST by Cheap_Hessian (I am the Grim FReeper.)
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To: Cheap_Hessian

Back-door nationalization of the banking industry.

Soon, there will be nothing left but the “too big too fail” monstrosities that are, for all intents and purposes, part of the ruling plutocracy.


8 posted on 01/29/2010 6:32:06 PM PST by Zeddicus
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To: Zeddicus

Nope not yet. Plenty of community banks around just doin plain vanilla banking staying away from the trend of the day (like sub-prime loans), and doin’ fine.


9 posted on 01/29/2010 6:57:15 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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