Dollars and Jens
Friday, September 04, 2009
bank failure
Well, apparently a thrift, technically:
Vantus Bank, Sioux City, Iowa, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Great Southern Bank, Springfield, Missouri, to assume all of the deposits of Vantus Bank.
Nationally, that's 5 today, something like 89 for the year. This is the first one in Iowa.

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