Suspicious circumstances in failure of Enloe State Bank

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State regulators shuttered a local bank in rural Texas last month citing "insider abuse and fraud by former officers," breaking a string of 17 months without a bank failure. texas banking commissioner Charles G. Cooper called the closure of Enloe State Bank an "isolated case" in a recent interview.

Someone reportedly was burning paper at the Texas bank on a recent Saturday night, and a state regulator cited "insider fraud and abuse" after Enloe was closed.. Suspicious circumstances in failure of Enloe State Bank. 06/03/19. What are you looking for? Your Email: Someone reportedly was.

Suspicious circumstances in failure of Enloe State Bank . The nation’s first bank failure in 17 months seems to be an industry outlier and not necessarily a harbinger of more problems to come. Regulators shuttered Enloe State Bank in Cooper, Texas, late Friday, marking the first closure since Washington Federal Bank for Savings in December 2017.

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The nation’s first bank failure in 17 months seems to be an industry outlier and not necessarily a harbinger of more problems to come. Regulators shuttered Enloe State Bank in Cooper, Texas, late Friday. It was the first bank closing since Washington Federal Bank for Savings in December 2017.

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Bank failure first in 17 months Well, it was bound to happen some time. After a 17-month streak without a bank failure, a small Texas bank was shut down on May 31. The one-office Enloe State Bank was.