Five Banks Collapse In Four States – 2012 Bank Failures Total 22 – Are Your Deposits Insured?

Regulators got back to work during the last week of April, closing five banks in four different states.  A total of 22 banks have failed this year compared to a total of 92 bank failures during 2011.  If the rate of bank failures for the first four months of the year is annualized, total bank […]

Inter Savings Bank of Minnesota (D/B/A Interbank) Closed By Regulators

Inter Savings Bank, Maple Grove, Minnesota, was closed today by the Office of the Comptroller of the Currency which appointed the FDIC as receiver.   The FDIC sold the failed bank to Great Southern Bank, Reeds Spring, Missouri, which will assume all deposits of failed Inter Savings Bank. Inter Savings Bank, (fsb D/B/A Interbank) which had […]