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News / Northwest

Washington state bank is shut; 44 failures in 2011

The Columbian
Published: May 26, 2011, 5:00pm

WASHINGTON (AP) — Regulators have shut down a small bank in Washington state, pushing to 44 the number of U.S. bank failures this year in the wake of a severe recession and mounting troubled loans.

The Federal Deposit Insurance Corp. on Friday seized Snohomish, Wash.-based First Heritage Bank, with $173.5

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