CHICAGO, Feb. 28 (UPI) -- Two small banks in Illinois and Nevada have been shuttered, state financial regulators say.
Illinois regulators closed down Heritage Community Bank, a four-branch lender based in Glenwood, Ill., with the Federal Deposit Insurance Corp. selling all of the deposits to MB Financial Bank of Chicago, the Wall Street Journal reported Saturday.
The closing of Heritage came four months after regulators ordered it to improve its management, tighten its lending standards and raise capital, the Chicago Tribune said.
In Nevada, regulators shuttered Security Savings Bank of Henderson, with the FDIC selling all its deposits to Bank of Nevada in Las Vegas. Security Savings had two branches and $238.3 million of deposits, the Journal reported.
The two bank closures brought to 16 the number of such actions in the United States so far in 2009, officials said.
