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03/12/2010 09:38:49 PM EST

Regulators shut down Park Avenue Bank in New York

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LexisNexis Bankruptcy Law Community Staff

NEW YORK-(AP) U.S. regulators shut down Park Avenue Bank in New York Friday, marking the 28th failure this year of a federally insured bank.

The Federal Deposit Insurance Corp. was appointed receiver of Park Avenue Bank. It had $520.1 million in assets and $494.5 million in deposits as of Dec. 31.

The…

 

 

 

 

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