Two banks were closed on Nov. 18 by state and federal banking regulators. These failures bring the year’s tally to 109 failed institutions. The FDIC estimates that the cost to the Deposit Insurance Fund will be $58.1 million. The latest failures: Central Progressive Bank, Lacombe, La., and Polk County Bank, Iowa, were closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corp. as receiver. The banks’ total of 109 institutions has been closed this year.”]
Source: https://www.bankinfosecurity.com/2-banks-closed-on-nov-18-a-4259