US regulators close 2 banks in Illinois, Florida

Published June 20, 2014 11:02pm ET



NEW YORK (AP) — Regulators have closed two lenders in Illinois and Florida, bringing U.S. bank failures this year to 11 after 24 closures in all of 2013.

The Federal Deposit Insurance Corp. said Friday that it has taken over Valley Bank in Moline, Illinois. The bank had 13 branches, assets of $456.4 million and deposits of $360 million.

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