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Bank Failure Fallout Hits Area
A Minnesota bank failure may cost Kansas and Missouri banks up to 1.4 million dollars. Deposits wired via Commerce Bank of Kansas City to the doomed Mazzepa bank were never deposited, risking FDIC coverage and prompting a federal suit against Daniel K. Conners. Local banks listed as involved sent under 100000 each to stay under FDIC limits.
MENTIONED IN THIS ARTICLE
Kansas City
Minnesota
Kansas
Missouri
Peoples State Bank of
Mazzepa
Minn
Commerce Bank of
Mazzepa Bank
Federal Deposit Insurance Corp
Daniel K. Conners
Jim Miller
Minnesota Department of Commerce
Greeley
Colo
Conners
Gregory P. Howe
Howe
FDIC
Glion Curtis
St. Paul
Marine Bank of
Bloomington
Commerce Bank
Bannister Bank & Trust of
Commercial Bank of Liberty
First National Bank of
Phillipsburg
Kan
First State Bank of
Norton
State Bank of
Colwich
Mazeppa Bank
Commerce