FDIC Closes Four More Lenders

DSNews  reports the closure of four more lending banks: La Jolla Bank, FSB in La Jolla, California; George Washington Savings Bank, Orland Park, Illinois; Marco Community Bank, Marco Island, Florida; and The La Coste National Bank, Lacoste, Texas. This brings the number of failures on the FDIC list to 20 for this year. Nearly all of these crashes have been linked in to bad mortgages or construction and development lending. Read more at DSNews.com