Two New Friday FDIC Bank Failures

The Friday FDIC bank bailout is becoming like clockwork. Two more banks went under this week, bringing the year's total to 16. The latest victims are Security Savings Bank of Henderson, NV and Heritage Community Bank of Glenwood, IL. Security Savings' deposits will be assumed by Bank of Nevada, Las Vegas, which at the time of failure had $175 million in deposits and $238 million in assets, while Heritage, with $219 million deposits and $233 million assets will be assumed by MB Financial Bank of Chicago.