A2: Banking

The Wall Street Journal is among several media outlets reporting on the aftermath of decisions by regulators in four states to close troubled banks. From the report: “Michigan regulators closed Plymouth-based New Liberty Bank, which had roughly $109.1 million in assets and $101.8 million in deposits. Bank of Ann Arbor, based in Ann Arbor, assumed all of the deposits and agreed to buy nearly all of the assets. It didn’t pay a premium for the deposits.” [Source] Bank of Ann Arbor also issued a press release on the transaction. [Source]