U.S. banking regulators, FDIC closes five banks in five states, Florida, New Jersey, Ohio, Oklahoma, and Illinois. Thus, the amount of banks that has been closed is 69 banks.
One of the closed banks is the Bank of Jupiter based in Florida. The Bank has assets of USD119 million and USD102 million of deposits. Then First Bank Americano, located in Elizabeth, New Jersey with assets of USD166 million and USD157 million of deposits.
Peoples Community Bank in West Chester, Ohio, with assets of USD705.8 million and deposits USD598.2 million. Furthermore, the First State Bank of Altus in Altus, Oklohama with USD103.4 million of assets and deposits of USD98.2 million. Then, Mutual Bank of Harvey, Illionis has asset of USD1.6 billion and USD1.6 billion in deposits.
Thus, the 69 banks that closed the votes are very rapid increase compared with the year 25 banks closed in 2008 and three in 2007. Currently, the bank’s asset value is estimated to have decreased as a result many of the problems faces. Integrity Bank was predicted only of USD46 million, USD15 million BankAmericano First, Peoples Community Bank USD129.5 million, First State Bank of Altus USD25.2 million and USD696 million Mutual Bank.
This because the middle economic slowed. Where the number of unemployment increases, property prices down, many failed to pay. Once the home loan problem seems to be over, new threats that appear derived from the sale of real estate