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Bank Failures

(credit: AP)

Banks Closed In Colorado, Florida, Georgia; 84 Failures In 2011

Regulators on Friday closed two banks in Georgia and one each in Florida and Colorado, raising to 84 the number of U.S. banks that have failed this year.


(credit: AP)

Recession Hits Colorado Banks Late; 5 Fail This Year

The downturn in real estate at a time of high unemployment, foreclosures and bankruptcies led to five Colorado bank failures this year that could cost the nation’s deposit insurance fund about $1 billion, or about one-fifth of the fund’s overall losses in 2011.



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