Philadelphia’s Tioga-Franklin Savings Bank has become the nation’s fifth bank failure of the year. The $68 million-asset Black-owned bank was closed on Friday by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corp....
Small Business Bank in Lenexa, Kansas, has become the fourth US bank to fail this year. The institution, which opened in 1984 as Gardner Bank, was closed on Friday by the Kansas Office of the State Bank Commissioner. The Federal Deposit Insurance Corporation was named...
The Georgia Department of Banking and Finance shut down Community Bank and Trust – West Georgia this weekend. The bank, which opened in December 1984, is the second bank this year to fail. Chicago-based Metropolitan Capital Bank & Trust was closed on Jan. 30 The...
Chicago-based Metropolitan Capital Bank & Trust was closed on Jan. 30 by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This marks the first bank failure of 2026. The...
A Chicago-area real estate developer was sentenced to nearly 13 years in prison and ordered to pay more than $5.9 million in restitution for his role in a conspiracy that embezzled millions of dollars from the failed Washington Federal Bank for Savings in Chicago....
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
