Saturday, August 30, 2008

Bloomberg.com: Worldwide

Tenth bank failure this year: "Integrity Bank, with $1.1 billion in assets and $974 million in deposits, was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corp. Regions Financial Corp., Alabama's biggest bank, will assume all deposits from Integrity, which was run by Integrity Bancshares Inc. The failed bank's five offices will open on Sept. 2 as branches of Regions, the FDIC said."
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It isn't 1929, or 1987, but it isn't good.

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