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The FDIC reported the failure of two more banks.

November 11, 1985

The number of U.S. bank failures this year rose to 100, with one bank in Iowa and another in Texas going into receivership, the Federal Deposit Insurance Corp said. Last year, 79 banks failed. An FDIC spokesman said the banks that closed were the Northshore Bank of Houston and the Auburn Savings Bank in Iowa. Both will reopen Tuesday under new management.

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