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.

Source: 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?

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.

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

by Dismal-Jellyfish