1.27.12 FDIC Friday: 4 Failures as of 7 p.m. EST in FL, MN, TN

by John Galt, Benzinga Contributor

January 27, 2012 7:35 PM | 1 min read | Make a Comment

by John Galt
January 27, 2012 19:30 ET

I guess Turbo Timmy has given the FDIC the green light to shut down some of the insolvent masses. One wonders how long the authorities will let some of the insolvent regional banks operate now.

Click on the bank's name to read the FDIC report below:

BankEast, Knoxville, TN

Patriot Bank Minnesota, Forest Lake, MN

Tennessee Commerce Bank, Franklin, TN

First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, FL

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1.27.12 FDIC Friday: 4 Failures as of 7 p.m. EST in FL, MN, TN

BankEast, Knoxville, TN

Patriot Bank Minnesota, Forest Lake, MN

Tennessee Commerce Bank, Franklin, TN

First Guaranty Bank and Trust Company of Jacksonville, Jacksonville, FL