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In its busiest weekend in decades, the FDIC closed 5 more banks bringing the number of total bank failures to 45 for the year. This weekend exceeded the previous record when 4 banks failed on a single weekend in February.   Two of the seized banks were located in California, two more in Georgia and [...]

The Federal Deposit Insurance Corporation (FDIC)  seized 3 more banks over the weekend bringing the total bank failures for 2009 to 40. One bank was in North Carolina, another in Georgia, and the third was in Kansas.
The FDIC was appointed receiver of Cooperative Bank of Wilmington, N.C., Southern Community Bank of Fayetteville, Ga., and First [...]

Bank of Lincolnwood, Lincolnwood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
The total number of bank failures now stands at 37 for the year.
Republic Bank of Chicago, Oak Brook, Illinois, Assumes All of the Deposits [...]

Omni National Bank was shut down on Friday by the OCC (Office of the Comptroller of the Currency). The OCC appointed the FDIC as receiver.
Omni National Bank had total assets of $956.0 million and total deposits of $796.8 million. At the time of closing, there were approximately $2.0 million in uninsured deposits that potentially [...]