4 more banks fail
NEW YORK (CNNMoney.com) — Regulators shut down four regional banks Friday, the Federal Deposit Insurance Corporation said, bringing the total number of banks to fail in the United States to 68 this year. Friday’s bank closures will cost the FDIC fund $215.7 million, bringing the total cost for failed banks to $14.43 billion this year. That compares with $17.6 billion in all of 2008. First State Bank of Altus, based in Altus, Okla., was shut down and Herring Bank, headquartered in Amarillo
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