Friday Finds Five Failed Banks

Five banks were shut down by federal regulators on Friday. Those five failed banks were located in four states — Illinois, Arizona, Iowa and Missouri. So far in 2009, the number of failed banks stands at 89.
Illinois was home to two of the failed banks — InBank, based in Oak Forest and Platinum Community Bank, based in Rolling Meadows. Arizona’s failed bank was First State Bank, based in Flagstaff. Vantus Bank, based in Sioux City, was the Iowa failed bank, while First Bank of Kansas City was Missouri’s failed bank.
Those with accounts in InBank will see their accounts assumed by …read more