New York City bank among three US bank failures
WASHINGTON, March 13 — The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days.
The other banks seized on Friday were small institutions in Florida and Louisiana, and brought the total number of failures so far this year to 30.
The Federal Deposit Insurance Corp found buyers for the deposits of all three banks.
Date: 2010-03-13 11:46:53
Source: New York City bank among three US bank failures
URL: http://www.themalaysianinsider.com/index.php/business/56105-...
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