The Federal Deposit Insurance Corporation (FDIC) has shut two branches each of Nevada Commerce Bank and Western Springs National Bank & Trust, The Wall Street Journal reports. U.S. regulators have so far closed 28 banks this year.
City National Bank will assume the deposits of Nevada Commerce, while Heartland Bank & Trust will take on the deposits of Western Springs. Nevada Commerce Bank had about $144.9 million in total assets, while Western Springs had about $186.8 million in total assets at the end of last year.
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