Friday, December 17, 2010

Feds Shutter A Bank In Minnesota

Regulators have shuttered banks in Georgia, Florida, Arkansas and Minnesota raising to 157 the number of U.S. Banks brought down this year by the struggling economy and soured loans. 

In Minnesota, the FDIC took over the Community National Bank of Lino Lakes with 31.6-million dollars in assets.  No further word if the bank will be taken over by another institution. 

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