Banking Failures Increase To Eleven As Regulators Seize Four Banks

Four banking failures in four different states increased the number of banking collapses in 2011 to eleven banks. The FDIC, with a long list of 860 Problem Banks, was hit for $545.5 million in losses.  The total cost of the year’s banking failures now totals $1.2 billion. During 2010 a total of 157 banking failures […]