Posted by Richard Willett - Memes and headline comments by David Icke Posted on 7 November 2023

ANOTHER Bank Collapses — 6th One This Year!

Citizens Bank was shut down by government regulators on Friday, making it the sixth regional bank to collapse in 2023.

Citizens Bank had about $66 million in total assets at the time it was shut down. Iowa Trust & Savings Bank agreed to purchase essentially all of the failed bank’s assets and assume all deposits.

The Federal Deposit Insurance Corporation (FDIC) issued a statement breaking down the development:

Citizens Bank, Sac City, Iowa, was closed today by the Iowa Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a Purchase and Assumption Agreement with Iowa Trust & Savings Bank, Emmetsburg, Iowa, to assume all of the deposits of Citizens Bank.

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The two branches of Citizens Bank will reopen as branches of Iowa Trust & Savings Bank on Monday during normal business hours. This evening and over the weekend, depositors of Citizens Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.

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