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New York Bank Seized By Regulators, 27th Closure This Year
By: chandrea patterson
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Thu, 03/11/2010 - 18:10
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According to The Wall Street Journal, LibertyPointe Bank of New York has been seized by banking regulators with deposits estimated at about $209.5 million.
The bank closure is the 27th bank failure of 2010, based on reports by the Federal Deposit Insurance Corp. Valley National Bank of New Jersey will assume the bank's deposits and assets.
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