Regulators close banks in Missouri, Michigan, Puerto Rico - KMOV.com

Regulators close banks in Missouri, Michigan, Puerto Rico

WASHINGTON (AP) -- Regulators have shut down three banks in Puerto Rico, two in Missouri and one in Michigan, bringing the number of U.S. bank failures this year to 63.

The Federal Deposit Insurance Corp. took over the banks: Westernbank Puerto Rico, based in Mayaguez, with about $11.9 billion in assets; R-G Premier Bank of Puerto Rico, based in Hato Rey, with around $5.9 billion in assets; and San Juan-based Eurobank, with $2.5 billion in assets.

The FDIC also seized CF Bancorp, based in Port Huron, Mich., with about $1.6 billion in assets; Champion Bank, of Creve Coeur, Mo., with $187.3 million in assets; and BC National Banks, of Butler, Mo., with $67.2 million in assets.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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