Four banks shuttered as credit crunch shakes out - MarketWatch

Four banks closed by regulators as credit crunch shakes out

By John Letzing, MarketWatch

Last update: 8:56 p.m. EDT April 24, 2009

SAN FRANCISCO (MarketWatch) -- Four banks in Georgia, Michigan, California and Idaho were closed by regulators Friday, costing the Federal Deposit Insurance Corp.'s deposit insurance fund nearly $700 million as the effects of the credit crisis continued rippling throughout the U.S. economy.

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