WASHINGTON — The lone failure over the last three weeks may have offered a respite from the usual series of collapses on Friday nights, but most observers caution against predictions that bank closures may be slowing.
The Sept. 10 closure of the $188 million-asset Horizon Bank in Bradenton, Fla. — the 119th this year — was the first since Aug. 20. But considering the weak economy and continued growth in both the Federal Deposit Insurance Corp.'s problem bank list and commercial real estate losses, the steady volume of FDIC takeovers is expected to continue.
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