In a significant development in the United States, the Heartland Tri-State Bank of Elkhart has been shut down by the Kansas bank commissioner. The closure of the Heartland Tri-State Bank of Elkhart makes it the fifth US bank failure this year. The Heartland Tri-State Bank of Elkhart, Kansas, reportedly failed on Friday, with the Federal Deposit Insurance Corporation taking control. The FDIC has agreed to assume all the deposits of Heartland Tri-State Bank in order to protect customers, thereby entering a purchase and assumption agreement with Dream First Bank of Syracuse, Kansas. First Republic Bank Shut: Another US Bank Closed, JP Morgan Chase Bank to Take Over Assets.
Closure of Fifth US Bank This Year
BREAKING: Heartland Tri-State Bank of Elkhart has been shut down by the Kansas bank commissioner, making it the fifth US bank failure this year.
— The Spectator Index (@spectatorindex) July 28, 2023
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