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2023-07-29 Economy
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US bank Heartland Tri-State closed by regulators.
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[TWITTER] The post says nothing more than the above headline.
Dream First Bank assumes Heartland Tri-State Bank's deposits
[AmericanBanker] The Federal Deposit Insurance Corp. announced Friday that it had entered into a purchase and assumption agreement with Dream First Bank of Syracuse, Kan., to assume all of the deposits of Heartland Tri-State Bank of Elkhart, Kan.
The announcement came shortly after the Kansas Office of the State Bank Commissioner shuttered Heartland and appointed the FDIC as receiver. The FDIC says the agreement will cause a $54.2 million hit to the Deposit Insurance Fund, which it says is the least costly resolution. 
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Posted by DarthVader 2023-07-29 00:00||
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