Fed Closes Four Banks Across the Country

On Friday Federal regulators seized four bank in California, Illinois,Texas and Florida.

Rancho Santa Fe based La Jolla Bank was shut down by federal regulators.  La Jolla bank  had 10 branches in California Texas and New York. THe bank had  $3.6 billion in Assets and $2.8 in deposits.

Pasadena based OneWest Bank former IndyMac purchased La Jolla Bank. On Monday La Jolla will reopen as OneWest.

AP via Yahoo News has the rest of the Story


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s