9th bank failure this year

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WASHINGTON (Reuters) - Bank regulators closed Columbian Bank and Trust Company on Friday, the ninth U.S. bank to fail this year as the weakening economy and falling home prices take their toll on financial institutions.

Customers can access their money over the weekend by check, teller machine or debit card, the Federal Deposit Insurance Corp (FDIC) said.

...

The FDIC said Columbian Bank and Trust of Topeka, Kansas, had $752 million in assets, $622 million in deposits, and nine branches.

The failure is expected to cost the FDIC deposit insurance fund an estimated $60 million.

http://www.reuters.com/article/businessNew...ews&sp=true

[Ggreen 12]

Oh boy .

[Moto-zutto 0]

WASHINGTON (Reuters) - Bank regulators closed Columbian Bank and Trust Company on Friday, the ninth U.S. bank to fail this year as the weakening economy and falling home prices take their toll on financial institutions.

Customers can access their money over the weekend by check, teller machine or debit card, the Federal Deposit Insurance Corp (FDIC) said.

...

The FDIC said Columbian Bank and Trust of Topeka, Kansas, had $752 million in assets, $622 million in deposits, and nine branches.

The failure is expected to cost the FDIC deposit insurance fund an estimated $60 million.

http://www.reuters.com/article/businessNew...ews&sp=true

That's why all my money is under my bed!