Lessons Learned From the Fourth United States Bank Failure of 2023
Perficient
AUGUST 16, 2023
Heartland Tri-State began operations in 1985 under the name First National Bank of Elkhart. In 2019, it expanded by buying its fourth branch from a competitor. Mr. Herndon named the Federal Deposit Insurance Corporation (“FDIC”) as receiver, allowing the FDIC to take control of the Heartland Tri-State’s operations.
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