Two banks were closed on Friday, Oct. 7, by state and federal banking regulators. These failures bring the year’s tally to 94 failed institutions. The latest failures: Sun Security Bank, Ellington, Mo., and The RiverBank, Wyoming, Minn., were closed by the Minnesota Department of Commerce. The FDIC estimates that the cost to the Deposit Insurance Fund will be $118.3 million. The failure of these banks will cost the DIF $71.4 million.”]
Source: https://www.inforisktoday.com/2-banks-closed-on-oct-7-a-4137