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Feds close bank in Kansas; ninth collapse this year
  #1  
Old 08.23.2008
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Bug Feds close bank in Kansas; ninth collapse this year

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Aug. 23 (Bloomberg) -- Columbian Bank and Trust Co. of Topeka, Kansas, was closed by U.S. regulators, the nation's ninth bank to collapse this year amid bad real-estate loans and writedowns stemming from a drop in home prices.

The bank, with $752 million in assets and $622 million in total deposits, was shuttered by the Kansas state bank commissioner's office and the Federal Deposit Insurance Corp., the FDIC said yesterday in a statement.
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WiseOne's Comments, and another one bites the dust...rumor is there are more coming and apparently some BIG banks coming...
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Old 08.24.2008
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I think it's gonna get worse before it gets better.
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Old 08.25.2008
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I agree...they say there are certainly more coming. If you ask me, they are trying to stagger them so the public doesn't freak all at once...
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