FDIC Shuts Down 2 LA Banks; 143 Failures In ’10

LOS ANGELES (CBS/AP) — Bank closings for the year have hit 143 — two more than the number of U.S. banks that failed in all of 2009 — with regulators shutting down one bank in the San Fernando Valley and another one in Westminster.

The FDIC seized Western Commercial Bank in Woodland Hills, with $98.6 million in assets, and First Vietnamese American Bank in Westminster, with assets of $48 million.

(© Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)


One Comment

  1. swhit says:

    One world gov, one bank, one military, one food source, one……………

    1. Randy TheMachoMan Iglesias says:

      Uhhh, no thanks. Sounds like a horror movie.

  2. human says:

    You two are crazy…

  3. So. Cali. says:

    Everyone see what’s happening, but few want to believe in the one world government marching our way.

  4. M.L smith says:

    The Democrats are doing a fantastic job fixing our economy. Mr Obama is an angel sent from heaven. Thankyou god.

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