With the excitement in the market last Friday, chances are you missed the fact that regulators closed Ameribank, which is based in West Virginia.  This raises the number of retail banks closed to 12 for 2008.

Ameribank was a small, $104 million dollar, operation that got into trouble with construction rehabilitation loans in low income real estate markets.

It’s all part of the shake out, nothing to fear… yet…

Related posts:

1. Two more banks shut down by the FDIC – Strategic Capital Bank, Champaign, IL and Citizens National Bank, Macomb, IL
2. Silver State Bank is #11 to shut down this year. Fannie Mae, Freddie Mac may be taken over this weekend.
3. Bernanke, Paulson shut your mouths!
4. Integrity Bank of Alpharetta, Georgia, 10th bank to close this year
5. Citigroup buys Wachovia bank assets for $2.2B