via 100percentfedup:
Another bank has just failed.
This marks the 6th bank this year to fail in the United States, but I’m sure the system is “just fine”.
https://twitter.com/ReadyAlerts/status/1720569519532614061
They sure do love making these announcements late on a Friday:
NEW: Bank failure Fridays are back! 😮
Citizens Bank in Sac City, Iowa, was shuttered yesterday due to substantial hidden loan losses, forcing FDIC receivership.
Is this a signal of renewed vulnerability among regional banks? 😱 pic.twitter.com/BJoobNTNCw
— Bitcoin News (@BitcoinNewsCom) November 4, 2023
Citizens Bank of Iowa had $66 million in assets:
https://twitter.com/Kambeitz9/status/1720687590137864372