Lessons Learned From the Fourth United States Bank Failure of 2023
Perficient
AUGUST 16, 2023
A rather small bank, as of the end of its first quarter, the bank reported $139 million in total assets and $130 million in total deposits in its FDIC Call Report. In 2011, Hanes put together a local investment group that purchased the bank from its former holding company, and he became President and CEO of the new bank.
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