PacWest Bancorp (PACW)

[tw0122]

Another Bank goes down..Heartland Tri-State Bank in Kansas has been forced to halt operations by regulators after it became insolvent, marking it the fifth bank to collapse in the United States this year. After determining that the bank, which had its headquarters in Elkhart, had fallen insolvent, Kansas Bank Commissioner David Herndon appointed the Federal Deposit Insurance Corporation (FDIC) as a receiver. After that, the FDIC sold it to Dream First Bank.

Heartland Tri-State Bank to resume operations under FDIC