![]() Heartland Tri-State Bank is the first bank to fall since First Republic, the nation’s second-largest bank failure ever, in early May. The recent closures of First Republic, Silicon Valley Bank and Signature Bank this year have shaken up the banking industry, prompting lawmakers to introduce new legislation to protect customer deposits and stabilize the financial system. That means the four branches of Heartland Tri-State Bank will reopen as branches of Dream First Bank on Monday. The FDIC agreed to assume all the deposits of Heartland Tri-State Bank to protect customers, entering a purchase and assumption agreement with Dream First Bank of Syracuse, Kansas. Newly unveiled banking regulation wouldn't have prevented this year's US bank failures Federal Deposit Insurance Corp., on Wednesday, May 27, 2009. ![]() A pedestrian walks outside the headquarters of the U.S.
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