FDIC Closes 6 Banks in 4 States
Associated Press
WASHINGTON —
The Federal Deposit Insurance Corp., whose chairman said last week that a “sizable increase” in bank failures is likely this year, announced today that it has closed six banks in four states.
The agency said the failed banks, all ordered closed Thursday, included one each in Indiana, Missouri and Oklahoma and three in Texas. That maintains a pattern of bank failures in farm and oil states.
The FDIC, which insures depositors’ accounts up to $100,000, oversaw the closing of 138 insured banks last year, a post-Depression record. It gave financial assistance to seven more in danger of failure.
That was an increase in closures from 120 in 1985, 79 in 1984, 48 in 1983, 42 in 1982 and 10 in 1981.
