Due in part to the number of banks that have closed this year, customers are becoming increasingly concerned about the safety of the money they deposit.
Local bank officials, however, say there is no reason to be alarmed.
The Federal Deposit Insurance Corp. reports that seven banks in the United States have closed since Jan. 1 and 90 more are listed on a quarterly watch list of troubled banks - those considered to be on shaky financial footing, according to the FDIC.gov Web site.
In contrast, three banks failed in 2007 and four in 2004.
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