Regulators close more banks - KWWL - Eastern Iowa Breaking News, Weather, Closings

Regulators close more banks

WASHINGTON (AP) -- Federal regulators have closed banks in Colorado, New Mexico, Oklahoma and Wisconsin, lifting the number of bank failures in 2011 to 11.  Last year, a total of 157 banks were taken down by the weak economy and piles of soured loans.

The Federal Deposit Insurance Corp. took over the following banks: FirsTier Bank in Louisville, Colo., with $781.5 million in assets, First Community Bank in Taos, N.M., with $2.3 billion in assets, First State Bank of Camargo, Okla., with $43.5 million in assets, and Evergreen State Bank, based in Stoughton, Wis., with $246.5 million in assets.

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