US shuts 3 more banks


Regulators, on Friday, shut down banks in Florida, Arizona and Kansas, bringing to 133 the number of US banks that have failed to hold up this year against the struggling economy and a cascade of loan defaults. The Federal Deposit Insurance Corp took over Republic Federal Bank, with $433 million in assets and $352.7 million in deposits. A bank based in Boca Raton, Fla., 1st United Bank, agreed to assume all the deposits and $267.1 million of the assets of the failed bank.

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