The First Trump FDIC Friday Bank Failure is Proficio Bank of Utah

by John Galt March 3, 2017 20:45 ET Tonight marks the official beginning of the President Trump era of the FDIC seizing failed banks as the bank seized on January 27th was actually initiated under Obama’s leftovers running the U.S. Treasury, not Steve Mnuchin or anyone from Trump’s team. What is interesting about this failure is that is sounds eerily like those small banks which started failing in 2006 and 2007 which preceded the avalanche of failed institutions in the mortgage and bank implosion. From the former parent company’s website, NHB…

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