February 12th, 2012 
davidguide Two midwest banks were closed by the national regulator of banking institutions, including one that was more than a century old. Meanwhile, a net branch operation that had previously touted a planned transition from mortgage broker to mortgage banker has since vanished. The Office of the Comptroller of the Currency closed down two banks on Friday. Both banks saw their assets and losses deteriorate as a result of unsafe and unsound practices, and the OCC said they were “critically undercapitalized” to the point that they could not survive without government assistance. The Federal Deposit Insurance Corp. was appointed receiver in both of Friday’s bank failures.
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