U.S. Now Has 94 Bank Failures in 2009

Two more banks failed in the United States on Friday — pushing the yearly total of bank failures to 94. Friday’s failed banks were located in the states of Kentucky and Indiana.
Kentucky’s failed bank was the Louisville-based Irwin Bank FSB, while Indiana’s failed bank was the Columbus-based Irwin Union Bank and Trust Co.
Both of the failed banks will be assumed by Ohio’s First Financial Bank after reaching an agreement with the Federal Deposit Insurance Corp.
Irwin Bank FSB and Irwin Union Bank and Trust Co. had more than two dozen branches. Each of the branches will be reopened as Frist Financial …read more