Corrente Boldly shrill ... http://www.correntewire.com/node/12477/atom/feed 2008-07-25T23:29:51-04:00 Another Friday: Another Two Banks http://www.correntewire.com/another_friday_another_two_banks 2008-07-25T23:29:51-04:00 2008-07-25T23:29:51-04:00 tnjen These two were seized and sold immediately. Otherwise, same drill as before.

WASHINGTON, July 25 (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

Two weeks after the Federal Deposit Insurance Corp seized IndyMac Bancorp Inc (IDMC.PK: Quote, Profile, Research, Stock Buzz), the Office of the Comptroller of the Currency said it closed First National Bank of Nevada and First Heritage Bank NA of California.

First National had total assets of $3.4 billion and $3 billion in deposits while First Heritage had assets of $254 million and $233 million in deposits, regulators said.

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