Five More Banks Shut Down by the Feds

For 2009, the number of failed banks jumped from 40 to 45 in one day on Friday. And according to many banking experts, many more banks will be shut down by the federal government before 2009 is in the books.
The five banks that were shut down are in the states of Georgia, California and Minnesota. Georgia and California both had two banks shut down.
The two in Georgia were Neighborhood Community Bank in the city of Newnan and Bank of West Georgia in the city of Villa Rica. The two in California were Irvine’s MetroPacific Bank and Los Angeles’ Mirae Bank. …read more