143 That’s the total number of U.S. banks that the Federal Deposit Insurance Corp. has sold off, wound up or closed so far this year. The most recent additions to the list of failed banks, announced Nov. 5, were: • K Bank (assets: $538 million) in Randallstown, Md. • Pierce Commercial Bank ($221 million) Tacoma,
Say goodbye to five more banks, closed so far this month by the Federal Deposit Insurance Corp.: Premier Bank, $1.2 billion in assets, in Missouri. Security Savings Bank, $508 million, in Kansas. Wakulla Bank, $424 million, in Florida. Shoreline Bank, $104 million, in Washington State. Westbridge Bank and Trust Co., $91.5 million, also in Missouri.
Online and mobile banking may cut into the foot traffic of a typical neighborhood bank branch. But branches are still important to customers who haven’t adopted those new technologies or who need to maintain a safe-deposit box, purchase a money order, apply for a loan or deposit checks, currency or coins, among other services. Our