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Seven banks failed Friday, bringing the total number of failures this year to within one of the number of failures in all of 2009. So far 139 banks have failed in 2010. Friday's failures are expected to cost the deposit insurance fund a collective $478 million.
October 22 -
The Federal Reserve usurps authority usually held by state regulators and fails a Colorado bank.
October 21 -
The advantages a public company has in buying open banks outweighed the relatively low pricing of its initial public offering, National Bank Holdings CEO Timothy Laney said on its first day of trading.
September 20
National Bank Holdings Corp. (NBHC), a company formed in 2009 to buy failed banks, is planning to contract its branch network.
The $5.2 billion-asset company, based in Greenwood Village, Colo., said Monday that it plans to shutter its California branches and consolidate its retirement-service centers at the end of this year.
National Bank Holdings will integrate 32 limited-service retirement centers into its existing network of bank branches. It acquired the retirement centers through its
After the closures, National Bank Holdings will have 97 branches across Colorado, Kansas, Missouri and Texas, it said.
National Bank Holdings, formerly NBH, conducted an