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Penfield
04-17-2010, 07:00 PM
Apr 17, 12:47 AM (ET)

By TIM PARADIS and MARCY GORDON


WASHINGTON (AP) - Regulators on Friday shut down eight banks - three in Florida, two in California, and one each in Massachusetts, Michigan and Washington - putting the number of U.S. bank failures this year at 50.

...

Last year, 140 banks failed in the U.S. That was the highest annual number since 1992 during the peak of the savings and loan crisis. The failures last year cost the FDIC's insurance fund more than $30 billion.

Twenty-five banks failed in 2008 and three in 2007.

Article @ http://apnews.myway.com/article/20100417/D9F4JQR00.html