The Federal Deposit Insurance Corporation (FDIC) closed out the first half of the year by closing down another three banks, bringing its total number of closings for first six months of 2011 to 61.
That’s down from the pace in 2010, when a total of 157 banks were shuttered by the agency -- and 2009 when 140 institutions were closed-- but it is still a lot more than are closed in a normal year.
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