After a one-week hiatus, government regulators have resumed closing troubled banks. Details on the 17th bank closure of the year are below. I’ll add new posts if there are other closures later today.
Marco Community Bank of Marco Island, Fla. was shut down, then taken over by Mutual of Omaha Bank of Omaha, Nebraska. Marco had one branch. Estimated cost to the FDIC: $38.1 million.