With slumping home prices and the worsening economic crisis taking an increasing toll on financial institutions, as many as 22 American banks have collapsed so far this year.
Collapse of such a large number of US banks, despite a $700-billion bailout package, reflects the deep turmoil of the US economy.
From 2003 to 2007, only 10 US banks were reported to have collapsed. In 2008, the figure has already touched 22, with still more than a month to go…
- Downey Savings and Loan
- PFF Bank and Trust
- Security Pacific Bank
- Franklin Bank SSB
- Community Bank
- Freedom Bank
- Silver State Bank
- Columbian Bank and Trust
- First Priority Bank
- First National Bank
- ANB Financial
- IndyMac Bank
- Washington Mutual
- Alpha Bank and Trust
- Meridian Bank
- Main Street Bank
- Ameribank
- Integrity Bank
- First Integrity Bank
- First Heritage Bank
- Hume Bank
- Douglass National Bank
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1 comment:
tats a huge number of banks...somehow dis global meltdown sud end...else not only US the entire global economy ll b severely damaged...
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