Speaking Of The FDIC...Another Bank Fails
Regulators closed on Friday Ameribank Inc, which became the 12th
bank failure this year as the struggling economy and falling home
prices take their toll on financial institutions.
The Federal Deposit Insurance Corp said the Northfork, West Virginia-based bank had $115 million in assets and $102 million in deposits as of June 30. The failure is expected to cost the U.S. bank deposit insurance fund about $42 million.
Wise Owl