Regulators have closed a small lender in Minnesota, making it the second U.S. bank failure of 2013 following 51 closures last year.
Regulators on Friday shuttered small banks in Georgia and Minnesota, bringing to 11 the number of U.S. bank failures this year. By this time last year, regulators had closed more than twice as many banks — 23.
Regulators have closed banks in Tennessee, Florida and Minnesota, lifting to seven the number of U.S. bank failures this year following 92 closures in 2011.
Regulators on Friday shut down a total of six banks in Alabama, Georgia, Minnesota and Mississippi, boosting the number of U.S. bank failures this year to 34. There were 157 bank closures in 2010 amid the shattered economy and piles of bad loans.
Regulators on Friday shuttered three small banks in Georgia and one each in Florida, Arkansas and Minnesota, raising to 157 the number of U.S. banks brought down this year by the struggling economy and soured loans.