Sign Of A Problem Bank – High CD Rates

Brokered Deposits Keep Problem Banks Alive Citizens National Bank, Macomb, Illinois, was the latest failed bank on May 22, 2009.   One eye-catching statistic on this bank failure was the stunning percentage of Citizens assets represented by brokered deposits.   Of total deposits of $400 million, a whopping 50% ($200 million) represented brokered deposits. Many […]