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View Full Version : As Two More National Banks Fail, Crisis Picks Up Speed


24/7 Wall St.
07-26-2008, 09:00 AM
24/7 Wall St. Daily News

The Office of the Comptroller of the Currency revoked the charters of two national banks and the FDIC moved in to protect their depositors. First National Bank of Nevada and First Heritage Bank of Newport Beach failed. According to The Wall Street Journal, The FDIC was appointed receiver of both banks. The Nevada bank has over $3 billion in deposits. http://feeds.feedburner.com/~f/typepad/RyNm?i=tFSHXJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=tFSHXJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=90fZPJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=90fZPJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=OyaCtj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=OyaCtj)


complete story here... (http://www.247wallst.com/2008/07/as-two-more-nat.html)