FDIC Friday - 4 more banks bite the dust

FDIC shutters four banks in one day
Oregon, Nebraska, Florida, Illinois bank failures bring year's total to 13

By John Letzing, MarketWatch
Last update: 11:06 p.m. EST Feb. 13, 2009

SAN FRANCISCO (MarketWatch) -- Loup City, Neb.-based Sherman County Bank, Cape Coral, Fla.-based Riverside Bank of the Gulf Coast, Pittsfield, Ill.-based Corn Belt Bank and Trust Company, and Beaverton, Ore.-based Pinnacle Bank were closed by regulators Friday, bringing the number of U.S. bank failures for 2009 to 13 and 38 total since the start of the credit crisis, the Federal Deposit Insurance Corp. said.

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