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Jennings State Bank of Spring Grove, Minnesota, and Warren Bank of Warren, Michigan, were closed by state regulators and the Federal Deposit Insurance Corp. was named receiver, the agency said yesterday in statements on its Web site. Southern Colorado National Bank of Pueblo was closed by the Office of the Comptroller of the Currency, the FDIC said.
Brutal, and I would think local and regional banks would be safer bets as opposed to national and international banks.
Three U.S. Banks Close, Bringing Failure Toll This Year to 98 - Bloomberg.com