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Four Banks, One Credit Union Fail

One credit union in Florida was placed into conservatorship, and four banks – one each in Georgia, Michigan, Idaho and California — were closed. This brings the total now to 29 banks that have failed and five credit unions that have either been closed or placed in conservatorships since the beginning of the 2009. In 2008, 25 banks and 15 credit unions failed; 29 banks have failed, and five more credit unions have been closed. The last bank to be closed in California was County Bank, Merced, on February 6, 2009.”]

Source: https://www.bankinfosecurity.com/four-banks-one-credit-union-fail-a-1412

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