Number Three Bank Fails

The third-ranked bank on our list, Glasgow Savings Bank of Glasgow, Missouri was shut down today by regulators. Glasgow Savings Bank had approximately $24.8 million in total assets and $24.2 million in total deposits which were assumed by Regional Missouri Bank (4362nd) of Marceline, Missouri. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $0.1 million.