• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / News / Clayton bank is Missouri’s second failure of year (AUDIO)

Clayton bank is Missouri’s second failure of year (AUDIO)

September 14, 2012 By [email protected]

Missouri’s second bank failure of the year is in Clayton, where bad commercial real estate loans have put the Truman Bank out of business. The bank has been put into Federal Deposit Insurance Corporation receivership and has been taken over by a bigger bank.

State Division of Finance spokesman Travis Ford says the Truman Bank of Clayton had been under close scrutiny by the state since 2008.

Ford says non-performing loans remain high in the St. Louis area. 

The bank is reopening today under the ownership of Simmons First National Bank of Pine Bluff, Arkansas.  The FDIC has protected depositor’s funds and is protecting the new owners of the bank from losses totaling as much as $34 million.

AUDIO: Ford interview

Share this:

  • Facebook
  • Twitter

Filed Under: News

Subscribe to our daily newsletter


Tweets by Missourinet

Sports

Crunch time for Mizzou hoops. Eli the best at selling Tigers football (PODCAST)

Thanks for … [Read More...]

Girl hurt in crash with ex-Chiefs Coach “likely has permanent brain damage”

A girl … [Read More...]

Royals building a winner, Chiefs will look different in 2021 (PODCAST)

Thanks for … [Read More...]

Rookie scores in debut as Blues beat Ducks

Zach … [Read More...]

Chiefs GM hopeful Mahomes and his offensive tackles will be ready for training camp

Kansas … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC