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49 Banks Failed To Date

By Robert Clark and Aarti Kanjani
SNL Financial

Regulators did not close any banks Friday, Nov. 9, leaving the year's total at 49. Last year, regulators had closed 88 banks through Nov. 11.

As of Nov. 9, the FDIC entered loss-share agreements with the buyers of 19 of the 49 banks closed in 2012. In 2011, the FDIC entered loss-share agreements with the buyers of 58 of the 92 closed banks. In 2010, the FDIC entered loss-share agreements with the buyers of 130 of the 157 failed banks.

The median cost to the deposit insurance fund at the time of announcement as a percentage of the failed banks' assets was 21% in 2012, with 49 failures. The median cost in 2011 and 2010 was 23%, and it was 29% in 2009.

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