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6 Banks Closed on Sept. 17

6 Banks closed on Sept. 17 raise the total number of failed institutions to 140 so far in 2010. The latest failures are: ISN Bank, Cherry Hill, New Jersey, New York, ISN and The Peoples Bank, Georgia. The cost to the FDIC Insurance Fund is estimated to be $23.9 million; cost to FDIC DIF is $83.6 million. The banks will reopen as branches of Community & Southern Bank under their normal business hours, including those with Saturday hours.”]

Source: https://www.cuinfosecurity.com/6-banks-closed-on-sept-17-a-2932

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