Two bank failures bring year's total to 47

[OhioChick]

Source: MarketWatch

June 17, 2011, 6:36 p.m. EDT

SAN FRANCISCO (MarketWatch) -- Two banks in Georgia and Florida were closed by regulators on Friday, according to the Federal Deposit Insurance Corp., bringing the total number of U.S. bank failures this year to 47. Jackson, Ga.-based McIntosh State Bank, which had $324.4 million in deposits as of March 31, was closed, as was Tampa, Fla.-based First Commercial Bank of Tampa Bay, which had $92.6 million in deposits. The combined bank failures will cost the federal deposit-insurance fund $108.5 million, the FDIC said.

Read more: http://www.marketwatch.com/story/two-bank-failures-bring-years-total-to-47-2011-06-17?link=MW_latest_news

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http://www.fdic.gov/bank/individual/failed/banklist.html

[juxtaposed]

1. not as bad as last year or 2007

[girl gone mad]

2. 2007?

Way worse than 2007, trending fairly close to 2009.