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.
Barr says Pulaski Bank and Trust Co. agreed to assume control over ANB
Financial's bank locations, which will be open Monday.
As of Jan. 31, federal regulators say ANB Financial had about $2.1 billion
in assets and $1.8 billion in total deposits.
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