There now have been 139 failed institutions so far in 2009 – 120 banks and 19 credit unions that have been closed, acquired or placed into conservatorship. The latest closings: United Commercial Bank, San Francisco, California, was closed by the California Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The 63 U.S. branches of the failed bank were to reopen during their normal business hours beginning today as branches of East West Bank. All locations in Hong Kong and China will reopen on Monday.”]
Source: https://www.cuinfosecurity.com/five-banks-closed-on-nov-7-a-1921