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On Friday, the Illinois Department of Financial and Professional Regulation Division of Banking closed Independent Bankers’ Bank, headquartered in Springfield, Illinois, and the FDIC was named as receiver
On Friday, the California Department of Financial Institutions closed Imperial Capital Bank, headquartered in La Jolla, California, and the FDIC was named as receiver
On Friday, the Michigan Office of Financial and Insurance Regulation closed Citizens State Bank, headquartered in New Baltimore, Michigan, and the FDIC was named as receiver
On Friday, the Georgia Department of Banking and Finance closed RockBridge Commercial Bank, headquartered in Atlanta, Georgia, and the FDIC was named as receiver
Today, the Senate Banking, Housing and Urban Affairs Committee approved the nomination of Ben S. Bernanke to serve as Chairman of the Board of Governors of the Federal Reserve System by a vote of 16 to 7
