WASHINGTON (AP) — Regulators have shut down four banks, bringing the total of 2010 failures to 143. That tops the 140 shuttered last year and is the most in a year since the savings-and-loan crisis two decades ago.
On Friday, the Federal Deposit Insurance Corp. took over K Bank, based in Randallstown, Md., with $538.3 million in assets, and Pierce Commercial Bank, based in Tacoma, Wash., with $221.1 million in assets. The FDIC also seized two California banks: Western Commercial Bank in Woodland Hills, with $98.6 million in assets, and First Vietnamese American Bank in Westminster, with assets of $48 million.
