One bank was closed by state and federal banking regulators on Friday, Aug. 12. This failure brings the year’s tally to 80 failed institutions. The FDIC estimates that the cost to the Deposit Insurance Fund will be $116.6 million. As of June 30, First National Bank of Olathe, Olathe had approximately $538.1 million in total assets and $524.3 million in deposits. The bank is closed by the Office of the Comptroller of the Currency, appointed the Federal Deposit Insurance Corp. as receiver.”]
Source: https://www.cuinfosecurity.com/one-bank-closed-aug-12-a-3959