Kansas Bank, Credit Union Seized

Posted on March 20, 2009 by Jill Michaux, Topeka Consumer Bankruptcy Attorney

Government regulators seized two Kansas financial institutions March 20.

Bank regulators closed Teambank of Paola, Kansas.  Great Southern Bank of Missouri will assume its deposits.  Teambank’s failure will cost the deposit insurance fund an estimated $98 million.

Central Federal Credit Union of Lenexa was placed into conservatorship by the National Credit Union  Administration.

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in Kansas Bankruptcy News.

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