Saturday, May 17, 2014

Bank Failure Friday: AztecAmerica Bank, Berwyn, Illinois, the seventh bank failure of 2014

AztecAmerica Bank, Berwyn, Illinois, failed yesterday, costing the FDIC $18 million.

It is bank failure number seven in 2014.

That one didn't last long . . . it opened in 2005.

No word yet on whether it failed because it was appealing to Hispanic Americans, or unappealing.