Another bank run down by Fed – the financial meltdown continues
Karen Zuba
Aug. 30, 2008

The financial meltdown continues. In spite of all the stimulus to stabilize the banking sector, regional banks continue to fall.

Regulators shut down Integrity Bancshares Inc. of Alpharetta, Ga., on Friday and sold all deposits to Regions Financial Corp. of Birmingham, Ala., marking the 10th U.S. bank failure this year.

Integrity, a suburban Atlanta community bank founded in 2000, had been under regulatory scrutiny since early this year as it ran out of capital and struggled under the weight of rising loan defaults, a common problem across the country as banks face the consequences of the real-estate bust.

Another bank run down by Fed – the financial meltdown continues
Karen Zuba
The financial meltdown continues.
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