With continued economic uncertainty, 2 more banks have been closed by regulators. This brings the total to 9 for this year alone. Hit the jump for more.
Charter National Bank and Trust of Hoffman Estates, Ill., and SCB Bank of Shelbyville, Ind. are the latest victims of FDIC closures. According to CBS Market Watch, “Barrington Bank & Trust Co. of Barrington, Ill., will assume all the deposits and purchase the assets of Charter National Bank, and First Merchants Bank of Muncie, Ind., will do the same for the deposits and assets of SCB Bank. Charter National Bank had $93.9 million in total assets and $89.5 million in total deposits, while SCB Bank had $182.6 million in assets and $171.6 million in deposits.”
