81 banks have failed in 2009

According to the Wall Street Journal Market Watch, “The Federal Deposit Insurance Corp. on Friday announced four more bank failures, including a Texas bank with total assets of about $13 billion, pushing this year’s tally up to 81.  Guaranty Bank of Austin, Texas became the 81st bank failure of 2009 after it was closed by Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corp. as receiver, the federal agency said late Friday. Guaranty Bank also joined the list of the 12 biggest U.S. bank failures of all time. “

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