Consumer Affairs 3 weeks ago

Failed Bank Toll Keeps Rising

The Federal Deposit Insurance Corporation says five more U.S. banks failed last week, including United Commercial Bank, a San Francisco-based institution with assets totaling more than $11 billion. Full Article at Consumer Affairs

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  1. All 145 bank failures since the beginning of 2008 are detailed on TheStreet.com's interactive bank failure map: NEW YORK (TheStreet) -- Five new bank failures on Friday brought the total number of banks and thrifts shut down by... Full Article at The Street

  2. Former United Commercial Bank branches reopened Saturday as East West Bank branches in a move that will make East West the second-largest independent bank headquartered in the state, officials said. Full Article at SGVTribune.com

  3. Pacific Northwest and Houston, along with operations in China. United Commercial Bank, a Bay Area bank with branches in the East Bay and South Bay has been seized by regulators, who turned over the bank's assets to East West Bank. Full Article at Contra Costa Times

  4. SAN FRANCISCO -- United Security Bank of Sparta, Ga, became the 116th U.S. bank of the year to fail, according to the Federal Deposit Insurance Corp. on Friday. Full Article at FOX News

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  1. FILE - In this Oct. 14, 2009 file photo, Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair, testifies on Capitol Hill in Washington.
  2. WASHINGTON - OCTOBER 14:  Chairman of the Federal Deposit Insurance Corporation (FDIC) Sheila Bair (L) testifies during a hearing before the Financial Institutions Subcommittee of the U.S. Senate Banking, Housing and Urban Affairs Committee on Capitol Hill October 14, 2009 in Washington, DC.
  3. NEW YORK - SEPTEMBER 25:  FDIC Chairman Sheila Bair attends a panel on finance at the Clinton Global Initiative (CGI) September 25, 2009 in New York City.
  4. WASHINGTON - SEPTEMBER 23:  Sheila Bair, chairman of the Federal Deposit Insurance Corporation (FDIC), participates in a House Financial Services Committee hearing on Capitol Hill, September 23, 2009 in Washington, DC.
  5. WASHINGTON - MAY 27:  Sheila Bair, Chairman of the Federal Deposit Insurance Corporation (FDIC), pauses as she speaks during a news briefing May 27, 2009 in Washington, DC. Bair announced the bank and thrift industry earnings for the first quarter of 2009.
  6. ST LOUIS - DECEMBER 1:   St Louis' Civil Court Building is illuminated (RED) in honor of World AIDS Day. St Louis is one of ten major cities joining (RED) to raise awareness and funds to help eliminate AIDS in Africa on December 1, 2009 in St Louis, Missouri.
  7. Community members gather in St. Louis, Mo. on Monday, Nov. 23, 2009, one of among more than 20 other U.S. cities participating the National Day of Outrage, a nationwide call to end violence in urban communities.

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