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Check out this article: <b>Downey Financial Seized as Bank Consolidation Continues</b><br /><br />https://www.bestcashcow.com/articles/Downey+Financial+Seized+as+Bank+Consolidation+Continues-6800<br /><br />Downey Financial and two other banks were closed and hastily sold off to larger banks by the FDIC. This continues a trend of banks closing and being sold in deals brokered by the FDIC. It is the beginning of a massive consolidation in the banking sector. <a href="https://www.bestcashcow.com/articles/Downey+Financial+Seized+as+Bank+Consolidation+Continues-6800">Read More</a>

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