Bidenomics Strikes Again: Kansas Heartland Tri-State Bank Becomes 5th Casualty as Regulators Force it to Shutdown
Source: Heartland Tri-State Bank
On Friday, Heartland Tri-State Bank became the latest financial institution to falter under current economic policies by the Biden regime, marking the fifth bank closure this year amidst regulatory pressures.
The Kansas Office of the State Bank Commissioner ordered the bank’s closure, with the Federal Deposit Insurance Corporation (FDIC) stepping in as receiver.
In an effort to ‘safeguard’ depositors, FDIC brokered a purchase and assumption agreement with Dream First Bank, National Association, headquartered in Syracuse, Kansas. This agreement ensures that all deposits held by Heartland Tri-State Bank will be assumed by Dream First Bank.
Heartland Tri-State Bank released the following statement:
On Friday, July 28, 2023, Heartland Tri-State Bank,
