57 banks closed in America this year

The closing of banks in America is becoming a continuous story. The seriousness of the story shows the number of American banks stopped its working. 57 banks closed in first 4 months. The reports says that the movements and efforts made for the welfare of the small scale banks are not favourable. A total of 16 banks were stopped in the month of April. The total cost loss created to Federal Deposit Insurance Company of America by the 7 banks closed in the last Friday is more than 97.39 crore dollars. New Century Bank, Broadway Bank, Wheat land Bank, Peoton Bank, Citizen Bank are the major banks closed during last few days.