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Real Estate & Property Law

: Housing Wire

Bank Failures Top 19 in 2008

By DIANA GOLOBAY

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Two bank closures late last week brought the 2008 running total to nineteen, so far. The Federal Deposit Insurance Corp. announced Friday that it had taken over Los Angeles-based Security Pacific Bank and Houston-based state-chartered thrift Franklin Bank Corp., the assets of which have been transferred respectively to Pacific Western Bank and Prosperity Bank. Security [...]

Full post as published by Housing Wire on November 10, 2008 (boomark / email).

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