Valley Community Bank, St. Charles, Illinois, was closed by the Illinois Department of Financial and Professional Regulation – Division of Banking. NYC OTB Federal Credit Union, N.Y., placed into liquidation by the National Credit Union Administration. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $22.8 million. This is the third federally insured credit union liquidation in 2011. The latest failures raise to 26 the number of failed institutions so far in 2011.”]
Source: https://www.cuinfosecurity.com/1-bank-1-credit-union-close-a-3384