California regulators closed Irvine-based Nano Banc on Friday after years of supervisory problems and mounting financial losses, handing the institution to the Federal Deposit Insurance Corporation in a failure the FDIC estimates will cost its Deposit Insurance Fund...
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...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
