U.S. Regulators Shutter Four Banks
U.S. regulators have closed four banks in Florida, Maryland, Illinois and Utah.
The U.S. regulators have closed four banks in Florida, Maryland, Illinois and Utah, The Wall Street Journal reports. The move takes the total number of failed U.S. banks in the year to 26.
The banks include Waterfield Bank, Sun American Bank, Bank of Illinois and Centennial Bank. The four institutions have a total of $1.1 billion in assets and $1 billion in customer deposits. The closures will cost the Federal Deposit Insurance Corporation about $304.8 million.
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