Tag

Heartland Tri State Bank

All articles tagged with #heartland tri state bank

finance2 years ago•6 min saved

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.

via FDIC|

#dream-first-bank #failed-bank #fdic

finance2 years ago•2 min saved

FDIC Closes Kansas Heartland Tri-State Bank Due to Failure

Heartland Tri-State Bank of Elkhart, Kansas, has been closed by the Kansas Office of the State Bank Commissioner, and the FDIC has been appointed as the receiver. Dream First Bank, National Association, of Syracuse, Kansas, has entered into a purchase and assumption agreement with the FDIC to assume all of the deposits and purchase the assets of Heartland Tri-State Bank. The four branches of Heartland Tri-State Bank will reopen as branches of Dream First Bank, National Association. Depositors do not need to change their banking relationship to retain deposit insurance coverage. The cost to the Deposit Insurance Fund is estimated to be $54.2 million.

via FDIC|

#acquisition #deposit-insurance #dream-first-bank