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Colonial Bank Collapse

August 15, 2009 by izandi

The news of bank collapse which occur these days start to bring out worries to our community. The last bank which announced to be collapsed is the Colonial Bank which possibly becomes the largest bank to collapse with $25 billion dollars in assets.

This latest bank collapse is following the former seventy-two banks which have collapsed this year. The bad news is, Colonial Bank is not allowed to transfer its assets by the federal judge.

The consumers are only insured for up to $250,000 per person and this means if the bank collapse, they will have to bear so much loss.

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One Comment on Colonial Bank Collapse

  1. Suzan on Sat, 15th Aug 2009 8:49 PM

    2. Is the topic further. Interesting to learn more!.

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