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Regulators Seize Bank in Washington State

http://online.wsj.com

Regulators seized a Bremerton Wash bank late Friday as the financial crisis claimed its 33rd federally insured financial institution of 2009.The Federal Deposit Insurance Corp. estimated that the failure of Westsound Bank would cost its deposit-insurance fund $108 million. Westsound is the second Washington bank to be closed by regulators so far this year.

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Created by kiranyande 2 years 41 weeks ago
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