More 3 American Banks Are Going To Be Closed

By Admin - Mon Aug 31, 7:11 am

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NEW YORK: More three American Banks are going to be closed,  The US regulators have announce to shut down three more banks after they failed, bringing the total to 84 so far this year, as the industry continues to grapple with deteriorating loans on their books.

Regulators shuttered Affinity Bank of Ventura, California, Bradford Bank in Baltimore, and Mainstreet Bank of Forest Lake, Minnesota.

The Federal Deposit Insurance Corp on Thursday said that assets of these banks valued at $1900 million and volume of accounts was $1700 million.

These banks were sold to new investors for $446 million.

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