Eighteenth Bank to Close This Year – US

Bank # 18 is taken over by the FDIC Nov 7th.

Failed Bank Information

On November 7, 2008, Franklin Bank, SSB, Houston, TX was closed by the Texas Department of Savings and Mortgage Lending and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.  No advance notice is given to the public when a financial institution is closed.

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