Three more bank failures bring the year's total to four. Regulators close banks in Illinois and...

|By:, SA News Editor

Three more bank failures bring the year's total to four. Regulators close banks in Illinois and Minnesota through purchase and assumption agreements, at a combined cost to the DIF of $25M. And a $271M setup of a temporary deposit insurance national bank resolves the failure of Barnes Banking Co. of Kaysville, Utah.