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Failed Bank

All articles tagged with #failed bank

finance2 years ago

Heartland Tri-State Bank in Elkhart, KS: A Troubled Financial Journey

Heartland Tri-State Bank in Elkhart, Kansas, was closed by the Kansas Office of the State Bank Commissioner, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. Dream First Bank, N.A. assumed all deposit accounts and assets. Customers can continue to use their checks, ATM/debit cards, and direct deposits. Loan terms will not change, and creditors can file claims against the bank. Shareholders should contact the holding company directly.

finance2 years ago

Warren and AOC demand SVB depositors disclose bank connections.

Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez sent letters to 14 of the largest depositors with Silicon Valley Bank, asking about their connections with the failed bank, including the length of their relationship and the amount of money they had deposited. The letters raised concerns over the bank's relationship with some of the venture capitalists and tech founders who made up much of its customer base.