Seven More U.S. Banks Closed, Pushing Year’s Failures Past 100
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Seven banks were seized in seven U.S. states, marking the second year in a row in which at least 100 lenders have collapsed.
Banks with total deposits of about $2 billion were shut down yesterday, according to statements on the Federal Deposit Insurance Corp. website. The failures cost the FDIC’s deposit- insurance fund $431 million. The U.S. bank-failure count this year rose to 103.