RockBridge Commercial Bank will be liquidated by the Federal Deposit Insurance Corporation. The FDIC said it could not find a buyer for RockBridge’s assets. Citizens State Bank was closed by Michigan’s bank regulator. The FDIC created the Deposit Insurance National Bank of New Baltimore to enable a smooth liquidation of deposits. The operations of Independent Bankers’ Bank will be taken over by Independent Bankers’ Bank Bridge Bank, National Association, which the FDIC created to carry on the failed bank’s business.
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FDIC Finds No Buyers for 3 Failed Banks
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