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Saturday, November 8

(Delayed) Obligatory Friday Bank Failure Post

"Regulators shut banks in Texas, California"
"Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19.

"The Federal Deposit Insurance Corp. was appointed receiver of Franklin Bank, which had $5.1 billion in assets and $3.7 billion in deposits as of Sept. 30, and of Security Pacific Bank, with $561.1 million in assets and $450.1 million in deposits as of Oct. 17."

Complete List: Where else? The Bank Implode-O-Meter!

All together now, And a 1, and a 2:
"Unhappy days are here again;
The skies above are gray again..."

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