[Cheap_Hessian]

From earlier today: Bank-failure tally grows to 47 for year

Fifty failures so far this year, after 8 failures today. FDIC Source

For more information from Reuters: Bank failure Friday

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In November, Innovative Bank was awarded the S.B.A.’s Silver Award for giving away 2.9 Mill of SBA loans to “Disadvantaged and Minority” small business startups.

AND YOU WONDER WHY THEY WENT BANKRUPT??