FDIC shutters 132nd bank, sixth in Missouri

CHICAGO (MarketWatch) — Premier Bank of Jefferson City, Mo., was closed Friday by regulators and reopened Saturday as branches of Providence Bank, the Federal Deposit Insurance Co. said. That brought the tally of U.S. bank failures this year to 132. Premier had approximately $1.18 billion in assets and $1.03 billion in deposits; the FDIC estimates its failure will cost the deposit-insurance fund $406.9 million.

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