Kansas Bank, Credit Union Seized

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.

About Jill Michaux

Jill Michaux is a Kansas bankruptcy attorney. She can be found on Google+. She and her partner, Mark Neis, are Topeka's only board certified consumer bankruptcy law specialists.