Another 5 Banks Shutdown – Total 69 Banks Closed in 2009

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FDIC announced another 5 bank failures on July 31, 2009.  We still have 5 months to go in 2009 and already 69 banks have failed.  At this pace, total bank failures will reach pass 100 banks this year

Bank Name Amount of Asset Closing Date
First State Bank, Altus, OK $103 Million July 31, 2009
Integrity Bank, Jupiter, FL $119 Million July 31, 2009
Peoples Community Bank, West Chester, OH $705 Million July 31, 2009
First Bank Americano, Elizabeth, NJ $166 Million July 31, 2009
Mutual Bank, Harvey, IL $1.6 Billion July 31, 2009


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