Deposits from Main Street Bank of Northville, MI., and Meridian Bank of Eldred, IL., were acquired by other institutions. These closures are the 14th and 15th bank closings of the year. British government pledged to spend up to 37 billion pounds ($63.95 billion) investing in major UK banks. UK announced it will create a 40 billion euro ($54.89 billion) fund to invest in its banks. The Federal Reserve announced a new agreement with major global central banks to help jump-start the stalled credit market.”]
Source: https://www.cuinfosecurity.com/holiday-wrap-up-two-more-banks-closed-a-1001