2 more banks fold

Managing Real Estate Broker with John l scott #86099

In the past week, two critical events unfolded in the banking sector. First, Heartland Bank in Kansas experienced an outright failure, leading to its doors being closed by fdic. The second incident involved an organized merger between PAC West Bank and Bank of California, facilitated by the US government to prevent a potential failure. 

banks are in business to loan money, they are raising approval so that people can’t get a loan,

and feds raised rates so peoples can’t afford the payment,

buckel up ready for an upset here it comes with the next rate increase

Comments (1)

Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent post.Thank you for sharing. Have a wonderful day and a blessed week

Aug 02, 2023 02:53 AM
Daryl Datus

You as well


Aug 02, 2023 10:01 AM