MortgageDaily – No. 100 Fails
Partners Bank was shut down by the Office of Thrift Supervision, according to a news release. The institution "was critically undercapitalized and in an unsafe-and-unsound condition to transact business," the OTS said. "Partners Bank is the 100th FDIC-insured institution to fail in the nation this year," the Federal Deposit Insurance Corporation said in its own statement.
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