Government regulators shut down one bank so far this afternoon, details below. It’s the 26th bank to be closed so far in 2011. If it continues at this pace, it will mean significantly less bank closures than 2010.
I’ll update with a new post if I spot any more closures before leaving the office.
No. 26: Bank of Commerce, Wood Dale, Ill. was shut down, then taken over by Advantage National Bank Group, Elk Grove, Ill. Estimated cost to the FDIC: $41.9 million.