Two banks closed and one credit union conserved Sept. 23 by state and federal banking regulators. These failures bring the year’s tally to 91 failed institutions. The latest failures: Citizens Bank of Northern California, Nevada City, Calif., was closed by the California Department of Financial Institutions, appointed the Federal Deposit Insurance Corp. as receiver. The FDIC entered into a purchase and assumption agreement with Tri Counties Bank, Chico, Calif. to assume all of the deposits of Citizens Bank. Chetco Federal Credit Union of Harbor, Ore. remains federally protected.”]
Source: https://www.cuinfosecurity.com/2-banks-closed-1-cu-conserved-a-4092