Four banks were closed by state and federal banking regulators on Friday, Aug. 19. These failures bring the year’s tally to 84 failed institutions. The FDIC estimates that the cost to the Deposit Insurance Fund will be $31.0 million. The latest failures: First Choice Bank, Geneva, Ill., First Southern National Bank, Statesboro, Ga., Lydian Private Bank, Palm Beach, Fla., and Public Savings Bank, Huntingdon Valley, Pa. The failures are the latest of 2014.”]
Source: https://www.cuinfosecurity.com/4-banks-closed-on-aug-19-a-3984