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Regulators Close San Diego National Bank, U.S. Bank Takes Over

 

Thursday, Feb 25,2010, 11:54:30 AM   Click:

The Federal Deposit Insurance Corp. said late Oct. 30 that regulators closed San Diego National Bank.

The federal agency said San Diego National branches will reopen as branches of Minneapolis-based U.S. Bank.

Local bankers had been expecting the move.

In all, U.S. Bank took over the deposits and essentially all of the assets of nine failed banks, the FDIC said.

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