News Columns & Blogs

A busy Friday for bank regulators

WICHITA — An auspicious record was set on Friday.

On that day, state and federal regulators closed five banks: two in California, two in Georgia and one in Minnesota.

Up until then, the most banks regulators had closed on any one Friday was four, on April 24.

To date, 45 banks have failed in 2009. That includes First National Bank of Anthony, which was closed by the Comptroller of the Currency June 19. Its deposits and branches were assumed by SNB Bank of Kansas.

Since the banking crisis began in 2008, 70 banks have failed.