Bank Failures Reach 23
February 28, 2011 at 14:26 PM EST
U.S.regulators on Friday shuttered St. Charles, Illinois-based Valley Community Bank, pushing up the number of failed U.S. banks to 23 so far in 2011. This was preceded by 157 bank failures in 2010, 140 in 2009 and 25 in 2008. While the lifesaving programs launched by the government worked in favor of the bigger banks, [...]
