From Yahoo! Finance:
ANB Financial banks closed by federal regulators over ‘unsafe and unsound’ practices
BENTONVILLE, Ark. (AP)—Federal regulators says they’ve closed ANB Financial National Association banks after discovering “unsafe and unsound” business practices there.
David Barr, a spokesman for the Federal Deposit Insurance Corp. says many customers served by the bank’s nine locations had accounts under $100,000, which will be fully insured by the government. Barr says customers can continue to write checks and draw money from ATMs through the weekend.
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