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Sunday, September 25, 2011

Bank Body Count

We have 2 more banks down this week:

- Bank of the Commonwealth, Virginia - estimated cost to FDIC $268.3 million.

- Citizens Bank of Northern California, California - $37.2 million

That brings the 2011 bank body count to 73, well below last year's total, and by the way things are looking, well below next year's total.

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