Missouri Community Bank Is Shut Down

Missouri Community Bank Is Shut Down St. Louis-based Truman Bank has become the 42nd bank to fail this year.

The Missouri Division of Finance closed Truman Bank and appointed the Federal Deposit Insurance Corp. (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with Pine Bluff, Ark.-based Simmons First National Bank to assume all of the deposits of Truman Bank.

As of June 30, Truman Bank had approximately $282.3 million in total assets and $245.7 million in total deposits.


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