US Government Quietly Announced COLLAPSE Of Another Bank Late Friday

US government quietly announced COLLAPSE of another bank late Friday.

Late last week, the Kansas Office of the State Bank Commissioner shut down Heartland Tri-State Bank of Elkhart, Kan., prompting the Federal Deposit Insurance Corporation to enter into a purchase and assumption agreement with Dream First Bank, National Association, of Syracuse, Kan.

All of this happened late in the day last Friday, July 28, when almost nobody noticed, and the switch occurred quietly and seamlessly over the weekend with the new bank taking over as of Monday.

"Depositors of Heartland Tri-State Bank will become depositors of Dream First Bank, National Association, so customers do not need to change their banking relationship in order to retain their deposit insurance coverage," the FDIC announced.

The FDIC and Dream First Bank are also entering into a commercial shared-loss agreement on the loans it purchased from the former Heartland Tri-State Bank.

Any customers who have questions about the transaction, or about the collapse of Heartland Tri-State Bank in general, can contact the FDIC toll-free at 1-866-431-1725, or by visiting the FDIC's website.

According to the Office of the State Bank Commissioner, Heartland Tri-State Bank in Elkhart was deemed to be insolvent "Due to an isolated event," even though the details of what this entails have not been disclosed.

https://www.naturalnews.com/2023-07-31-government-quietly-announced-bank-collapse-late-friday.html