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
US employers unexpectedly lost 23,000 jobs in July and gains for the previous two months were...
The long legal battle to erase the debts of nearly half a million federal student loan...
Gas prices are up almost a dollar a gallon since the day Donald Trump took office;...
