Another One Bites the Dust

The FDIC announced Highland Community Bank (of Chicago, Illinois) as the second assumed/failed bank of 2015, with appointment to the FDIC and corresponding assumption agreement with United Fidelity Bank (of Evansville, Indiana) for the assumption of the deposits of Highland Community Bank. HCB's two branch offices—with $54.7 million in total assets—resulted in an impact of $5.8 million to the FDIC fund and ensures full services to depositors of HCB by UFB. [1/26/15]