Bank Failures in 4 States Including KS Bring 2012 Total to 38
LEAWOOD, Kan. - Regulators have closed a small bank in Kansas, bringing to 38 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corporation on Friday seized Heartland Bank in Leawood, Kansas with $110 million in assets and $102.6 million in deposits. The FDIC also took possession of Second Federal Savings and Loan Association of Chicago, Illinois with $199.1 million in assets and $175.9 million in deposits.
The FDIC has entered into a purchase and assumption agreement with Metcalf Bank of Lees Summit, Missouri, to assume all of the bank's deposits.