Two banks were closed by state and federal banking regulators on Friday, Nov. 4. These failures bring the year’s tally to 106 failed institutions. The latest failures: SunFirst Bank, Saint George, Utah, was closed by the Utah Department of Financial Institutions, which appointed the Federal Deposit Insurance Corp. as receiver. The FDIC will retain approximately $15 million in deposits that may be subject to external litigation. Mid City Bank, Inc., Inc., Omaha, Neb., was closed.”]
Source: https://www.cuinfosecurity.com/two-banks-closed-on-nov-4-a-4221