A costly failure No. 128 for banks as 66-branch AmTrust Bank of Cleveland, the 120-year-old...

|By:, SA News Editor

A costly failure No. 128 for banks as 66-branch AmTrust Bank of Cleveland, the 120-year-old former Ohio Savings Bank, is seized at a cost to the Deposit Insurance Fund of an estimated $2B. AmTrust's parent company filed for bankruptcy earlier this week.