More banks are closing, this has escalated quite a bit from last year.
Another notch, in gauging our countries economic health. Keep watchful, we are on unsteady ground.
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Regulators shut banks in Florida, Washington state
WASHINGTON (AP) – Regulators on Friday shut down small banks in Florida and Washington state, bringing to 127 the number of U.S. bank failures this year on a wave of loan defaults and economic distress.
The Federal Deposit Insurance Corp. took over Haven Trust Bank Florida of Ponte Vedra Beach, Fla., with $148.6 million in assets and $133.6 million in deposits, and North County Bank, based in Arlington, Wash., with $288.8 million in assets and $276.1 million in deposits.
myBlessedHope 