BUSINESS BRIEFING / FINANCIAL CRISIS - Los Angeles Times
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BUSINESS BRIEFING / FINANCIAL CRISIS

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Times Staff and Wire Reports

Federal regulators have closed three banks in Utah, Florida and Maryland, bringing to six the total number of failures this year.

The Federal Deposit Insurance Corp. was appointed receiver of the banks: MagnetBank of Salt Lake City; Ocala National Bank of Ocala, Fla.; and Suburban Federal Savings Bank in Crofton, Md.

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