New bank failure incoming? FDIC held a CLOSED meeting at 3:12 pm yesterday to consider matters related to the Corporation’s supervision, corporate, and resolution activities. A closed meeting like this was held before Heartland Tri-State Bank failed back in July.

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Source: https://public-inspection.federalregister.gov/2023-28472.pdf

TLDRS:

  • FDIC held a CLOSED meeting yesterday about resolution matters that the public interest did not require consideration of the matters in a meeting open to public observation.
  • I show Heartland Tri-State Bank of Elkhart, Kansas failed after a similar meeting like yesterday.
  • Fresh bank fail incoming?
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https://dismal-jellyfish.com/fdic-closed-meeting-sign-of-upcoming-bank-collapse/

Adding, on Monday, FDIC warned about CRE (replacing the 2008 warning), so the timing is certainly interesting.

https://dismal-jellyfish.com/fdic-emphasizes-cre-exposure-management-in-latest-fil/

by Dismal-Jellyfish