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Four Bank Failures Bring 2010 Total to 26

FDIC creates temporary bank for Waterfield


By Joe Adler, American Banker

March 8, 2010

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

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