Regulators Close 3 More Banks
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Regulators Close 3 More Banks
Federal regulators have closed three more banks.
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CHARLOTTE, N.C. (September 12, 2009)--Federal regulators have shut down three more banks, including a major Chicago-based lender to condominium, office and hotel projects.

The Federal Deposit Insurance Corp. Friday took over Corus Bank.

Its 11 branches will open on their next normally scheduled business day as branches of MB Financial Bank.

The closure of Corus Bank, one of the largest banks to fail this year, will cost the FDIC $1.7 billion.

The FDIC also shut down two smaller banks, Brickwell Community Bank in Woodbury, Minn. and Venture Bank in Lacey, Wash.

The number of banks that have failed this year stands at 92.

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