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2 Banks Closed Over Labor Day Weekend

Two banks were closed and one credit union conserved by state and federal banking regulators. These failures bring the year’s tally to 87 failed institutions. The latest failures: Patriot Bank of Georgia, Cumming, Georgia, and CreekSide Bank, Woodstock, Ga. Western Bridge Corporate FCU, San Dimas, Calif., was conserved. The National Credit Union Administration said Western Bridge was committed to an orderly and timely resolution that ensures uninterrupted service to all member credit unions, and had no immediate plans to close the credit union.”]

Source: https://www.inforisktoday.com/2-banks-closed-over-labor-day-weekend-a-4022

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