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BANKING

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From Times Staff and Wire Reports

FDIC to Pay Capital Bank Depositors: Federal officials will start mailing insurance checks to Capital Bank depositors today after failing to find a buyer for the ailing bank. The Federal Deposit Insurance Corporation had hoped to find a bank to take over Capital’s accounts, but none of the buyout offers received over the weekend would cost the federal government less than simply reimbursing depositors, said FDIC spokesman Andrew Porterfield. The Century City-based bank was shut down by California’s superintendent of banks Friday because of a shortage of capital.

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