WASHINGTON (Dow Jones)--Three U.S. banks were shuttered on Friday night by state regulators, bringing the total number of bank failures this year to four, the Federal Deposit Insurance Corporation said.
Two small banks were closed in Illinois and Minnesota and sold to other lenders, but the FDIC was unable to secure a buyer for a third failed bank in Utah and instead created a bridge bank to give customers time to transfer their money elsewhere.
In Illinois, state regulators shut down Town Community Bank and Trust in Antioch.
Town Community Bank and Trust, which only had ...
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