New year, old headaches for US community banks

Published January 14, 2011 5:00am ET



You know what day today is – it’s “FDIC Friday,” when the Federal Deposit Insurance Corporation (FDIC) will announce the latest US bank closures.

A typical FDIC Friday involves the FDIC revealing that a few community banks in what is (unkindly) known as “flyover country” must be shuttered.

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