Iowa's Citizen Bank Implodes, 5th Bank Collapse of 2023

[GunsOfFrankEaton]

"This bank closure follows a trend that started with First Citizens Bank on March 10, making it the fifth banking failure in 2023 within the US."

Iowa's Citizens Bank shuttered; assets and deposits assumed by Iowa Trust & Savings Bank By Investing.com

Iowa's Citizens Bank shuttered; assets and deposits assumed by Iowa Trust & Savings Bank

www.investing.com

 

[Ohhellya]

The entire world financial system is a Ponzi scheme.

 

[NeekReevers]

$59 million in deposits is a nothing bank. That’s maybe the size of bank Perkins would have. It would be interesting to know the details leading to the failure.

I am much more concerned with the regional banks carrying big portfolios of commercial real estate loans. Most of those have fixed rates at around 5 years but as they reprice under new rate structures it could get dicey.

 

[LAY THE WOODY]

The entire world financial system is a Ponzi scheme.

Well hello.

 

[Sunburnt Indian]

Fox Business tells me US consumers see over $1 trillion in credit card debt. Bidenomics.

 

[2012Bearcat]

Fox Business tells me US consumers see over $1 trillion in credit card debt. Bidenomics.

Borrowing future generations into poverty is the Democrat's economic policy.

 

[LAY THE WOODY]

Borrowing future generations into poverty is the Democrat's economic policy.

Eh, they'll just print more money.

 

[GunsOfFrankEaton]

Eh, they'll just print more money.

It's all they got.

 

[LAY THE WOODY]

It's all they got.

Buys many votes my man.