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Colorado bank failures could top $1 billion

Banking regulators say five Colorado bank failures this year could cost the nation’s deposit insurance fund slightly more than $1 billion. Federal Deposit Insurance Corp. spokesman Greg Hernandez says that represents a fifth of the $5 billion in overall losses to the fund from bank failures through July 22. The Denver Post reports (http://bit.ly/ql9quy) that… Continue Reading Colorado bank failures could top $1 billion