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Real Estate & Property Law

: Housing Wire

33rd Bank Failure Costs $108 Million

By DIANA GOLOBAY

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The Washington Department of Financial Institutions on Friday shut down Westbound Bank and named as receiver the Federal Deposit Insurance Corp. (FDIC). The failure puts $334.6m in assets on the line for sale or disposition. It marks the 33rd failure of the year, compared with the three bank closures seen by the same time in 2008. [...]

Full post as published by Housing Wire on May 11, 2009 (boomark / email).

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