18, 19 and 20 +2



Yesterday TeamBank of Kansas, Colorado National Bank of Colorado and FirstCity Bank of Georgia were seized by regulators. The deposits of TeamBank and Colorado National were transferred to acquiring banks but regulators were unable to find a buyer for FirstCity Bank.
In addition to the 20 banks now shut as a result of the financial crisis (read: stupidity), regulators placed the two largest corporate credit unions into conservatorship. U.S. Central Federal Credit Union of Kansas and Western Corporate Credit Union of California were seized.


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