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.

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