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Regulators Shutter Three Banks

Stock quotes in this article: TFIN , GSBC  

Regulators shuttered three small banks Friday, bringing to 20 the total of U.S. banks and savings and loans closed during 2009.

Georgia regulators closed FirstCity Bank of Stockbridge, Ga., while the Office of the Comptroller of the Currency shut down Colorado National Bank of Colorado Springs, Colo. and TeamBank of Paola, Kan.

The Federal Deposit Insurance Corp. was appointed receiver of all three institutions and was expected to liquidate FirstCity Bank and find buyers for all retail deposits and most of the assets of the other two failed companies. ...

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