Sunday, September 19, 2010

Wisconsin bank is 125th failure of 2010

SAN FRANCISCO (MarketWatch) -- West Allis, Wis.-based Maritime Savings Bank was closed by regulators Friday, marking the 125th U.S. bank failure of the year. Maritime Savings Bank had $350.5 million in assets and $248.1 million in deposits as of June 30, the Federal Deposit Insurance Corp. said in a statement. The bank's failure will cost the deposit-insurance fund $83.6 million, the FDIC said.

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