Houston's Franklin Bank closed, 18th failure this year

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Source: CBS Marketwatch

Houston, Texas-based Franklin Bank S.S.B. was closed by regulators Friday, the 18th bank failure this year amid the ongoing credit crisis. The Federal Deposit Insurance Corporation said in a statement that Franklin Bank had total assets of $5.1 billion as of Sep. 30, and $3.7 billion in total deposits. El Campo, Texas-based Prosperity Bank will assume Franklin Bank's deposits, and Franklin's 46 offices will reopen as Prosperity branches, the FDIC said.

Read more: http://www.marketwatch.com/news/story/Houstons-Franklin-Bank-closed-18th/story.aspx?guid=%7B8D7C7FC0%2D6837%2D4CF1%2D9E7C%2D8F285C428AAF%7D&dist=hplatest

[quidam56]

1. BiG Corporate and Banking BAILOUT - solution-

Give the corporations and banks ALL the 1.4 Trillion.

Less their spa treatments and holidays, Less than what they gave as golden parachutes or bonuses as in the health care industry giving money to employees for turning down health care to save them a lot of having to be health insurance payers, Less the money people lost in savings due to their incompetence and put every dime back into peoples bank accounts at the highest point their stock or savings was since January 2008. That's not spreading the wealth, it's putting the wealth back in Americans pockets.

It's time to take back our Nation ! End the careless greedy bastards from living like Kings and Queens on our money.

http://www.wisecountyissues.com

[Quantess]

2. Still dropping like flies.