RENO — Nevada Security Bank was closed Friday by regulators, marking the 83rd U.S. bank failure of the year as the lingering credit crisis continues to claim victims.
Nevada Security Bank’s five branches are scheduled to reopen Monday as branches of Roseburg, Ore.-based Umpqua Bank.
The failed Nevada bank had $480.3 million in assets, and $479.8 million in deposits as of March 31, the Federal Deposit Insurance Corp. said in a statement.
The bank’s failure is expected to cost the federal deposit insurance fund $80.9 million, the FDIC said.
New York: Woman’s request to Obama leads to arrest
A woman who wrote President Barack Obama, asking for help resolving her husband’s immigration problem got a response she didn’t expect: Federal agents turned up at her New York City home and took her husband, Herve Fonkou Takoulo, to jail. Caroline Jamieson’s letter to the president was mistakenly forwarded to an immigration fugitive unit, officials said. After the newspaper inquired about the case, Herve Fonkou Takoulo, an engineer from Cameroon, was released. He came to the U.S. legally, but was ordered to leave when a judge rejected his application for political asylum. Now he has a second green card application pending based on his 2005 marriage to Jamieson. Still, the deportation order remains in effect.
D.C.: Avoid coffee aphrodisiac, FDA urges
The Food and Drug Administration on Saturday urged consumers to stop using an instant coffee product that is being marketed as a sexual aphrodisiac, saying it could dangerously lower blood pressure. Magic Power Coffee contains a chemical that could interact with some prescription drugs to significantly lower blood pressure, the FDA said. When blood pressure drops suddenly, the brain is deprived of an adequate blood supply, which can lead to dizziness or lightheadedness. Magic Power Coffee is sold on Internet sites by several independent distributors. Consumers and health care professionals should report problems to the FDA’s MedWatch program at 800-332-1088.
Arizona: Wildfire near Flagstaff forces evacuations
A wildfire burning near downtown Flagstaff on Saturday prompted evacuations of at least 200 homes, a hotel and nearby businesses feared to be in the fire’s path and has sent smoke through parts of the city, causing traffic to back up on Interstate 40, authorities said. Estimates were that 400 to 600 acres burned. No structures burned and no injuries were reported.
China: 90 dead in floods
The death toll from flooding that started last week in southern China rose to 90 Saturday, and 1.4 million people were evacuated as the inundated region prepared for more heavy storms. Fifty people were also missing in nine provinces and regions across China’s south, the state flood control office said. The National Meteorological Center warned of heavy rains in the region until this afternoon. Strong storms have collapsed reservoirs, overflowed rivers, caused landslides and power outages, and damaged highways, the disaster relief agency website said.
Iran: Insurgent chief hanged
Iran’s official news agency says the leader of the Iranian Jundallah insurgent group Abdulmalik Rigi has been hanged after months of interrogation and trial. Rigi’s insurgency in the southeast had destabilized Iran’s border region with Pakistan. The news agency said Rigi pleaded guilty to charges of killing dozens of Iranians in several bombing attacks. Jundallah had already claimed responsibility for bombing attacks that have killed dozens in recent years, including five senior commanders of Iran’s elite Revolutionary Guard last year.
Britain: Doctor admits helping patients die, including son
A British doctor who admitted shortening the lives of nearly 20 patients — including his own son, who had cancer — may yet face charges, British investigators said Saturday. Howard Martin, 75, was cleared in 2005 of murdering three patients with fatal doses of pain killer, but he has since had his license revoked. Martin, in a Saturday by the Daily Telegraph newspaper, said he had no regrets, claiming he acted out of “Christian compassion” to end the suffering of pain-stricken patients. But Britain’s General Medical Council differed, calling Martin’s behavior “completely unacceptable” and saying that in some cases there was no proof the patients were suffering.
From Herald news services
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