Norfolk Bank Seized by FDIC
LINCOLN - A Nebraska bank with a branch in Norfolk is among the latest to be shut down by federal regulators. The Federal Deposit Insurance Corporation on Friday took over TierOne Bank, based in Lincoln, with about $2.8-billion in assets. Great Western Bank, based in Sioux Falls, agreed to acquire the assets and deposits of the failed bank. The FDIC also seized two small banks, one in Mississippi and one in Illinois, boosting the number of U.S. bank failures this year to 81.
