Posted on 07/28/2023 7:01:31 PM PDT by C210N
Heartland Tri-State Bank of Elkhart, Kansas, failed on Friday, with the Federal Deposit Insurance Corporation taking control.
(Excerpt) Read more at cnn.com ...
Gearing up for the fall of fiat, and the rise of PMs...
CRE and regional banks are going to blow up.
If only I knew timing...
Mr Wonderful said today regional banks would be reduced from 4600 to about 2000. What are the implications? Just bigger major banks?
This is located in the far southwest corner of Kansas, right above where the Texas and Oklahoma borders meet Kansas. Its about 8 or 9 miles from Colorado. Pretty rural. County voted 83% republican in the last election.
POTUS Pants Pooper said that today?
Sharing losses.
How does the FDIC assume losses? What money?
Banks fail all the time.
This is not like the others. It is tiny and middle America.
One data point is not a trend.
Government regulators were saying that 12 years ago, too, though.
It’s in their insurance fund.
It’s covered to the listed limits.
Agreed. Some bankers make bad loan decisions.
“FDIC Information for Heartland Tri-State Bank, Elkhart, KS
On Friday, July 28, 2023, Heartland Tri-State Bank, Elkhart, KS was closed by the Kansas Office of the State Bank Commissioner. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.
All deposit accounts have been transferred to Dream First Bank, National Association (N.A.), Syracuse, KS. For more information on Dream First Bank, N.A. visit us at www.dreamfirst.bank.
The FDIC has assembled useful information regarding your relationship with Heartland Tri-State Bank. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.
Please select the link below for more information:
FDIC Bank Closing Information for Heartland Tri-State Bank
Continue to Heartland Tri-State Bank’s Online Banking Login:”
Things that make one go “Hhhhhuuuuuuuuummm...”
Is this the same used for 100k per customers of that level?
CRE -—> Commercial Real Estate.
An acronym I was unfamiliar with.
Soon to be seen multiple times daily......
Banking and finance is outside of circle of competence.
That said, numerous issues don’t make sense to me.
CRE, people not working, all time CC debt high, nearing a low in personal savings, logistics, shipping, etc.
Numerous issues seem to be growing, but what do I know.
No Shark Tank “Mr Wonderful “. Kevin O’Leary
GREATEST ECONOMY EVAH!!!
No, seriously, Joe is doing such great harm to our economy
Maskicecreamidttixrxpuddingfhuydmnrph
That sounds more like Biden...
See European banking system. Only a few large banks. Easier to control the peasants when they don’t have any choices for moving their money.
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