SPAIN Regulators seize CajaSur

"Spain: Regulators seize CajaSur"
by CalculatedRisk
"From Bloomberg: Regulator Seizes CajaSur, Lender Hurt by Bad Loans
"The Bank of Spain removed the managers of CajaSur ... a savings bank with assets of about 19 billion euros and 486 branches ... and put the bank under a provisional administrator."
This is a fairly large bank. The 45 or so 'cajas' are local government owned banks that are focused domestically with about 70% of their portfolios exposed to the Spanish real estate market."
http://www.calculatedriskblog.com/2010/05/spain-regulators-seize-cajasur-uk.html