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IPFS News Link • Federal Reserve

This Week's Bank Failure Surprisingly Costly

8-30-2008 • Naked Capitalism

The plot is already familiar: the Friday night, FDIC prepack, in this case, with Birmingham, Alabama-based Regions bank assuming all $974 million of deposits and $34 million of assets. The bank focused on real estate lending and had a "faith bas

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Reported By Powell Gammill

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This Week's Bank Failure Surprisingly Costly

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