{"id":74239,"date":"2023-11-06T12:08:58","date_gmt":"2023-11-06T06:38:58","guid":{"rendered":"https:\/\/www.the-next-tech.com\/?post_type=web-story&#038;p=74239"},"modified":"2023-11-06T12:09:04","modified_gmt":"2023-11-06T06:39:04","slug":"citizens-bank-collapse-the-fifth-us-bank-to-fail-this-year","status":"publish","type":"web-story","link":"https:\/\/www.the-next-tech.com\/web-stories\/citizens-bank-collapse-the-fifth-us-bank-to-fail-this-year\/","title":{"rendered":"Citizens Bank Collapse: The Fifth US Bank To Fail In 2023"},"content":{"rendered":"<p><html amp=\"\" lang=\"en\"><head><meta charSet=\"utf-8\"\/><meta name=\"viewport\" content=\"width=device-width,minimum-scale=1,initial-scale=1\"\/><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0.js\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-story-1.0.js\" custom-element=\"amp-story\"><\/script><script async=\"\" src=\"https:\/\/cdn.ampproject.org\/v0\/amp-video-0.1.js\" 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publisher-logo-src=\"https:\/\/s3.amazonaws.com\/static.the-next-tech.com\/wp-content\/uploads\/2022\/07\/22163006\/tnt_logo.png\" title=\"Citizens Bank Collapse: The Fifth US Bank To Fail In 2023\n\" poster-portrait-src=\"https:\/\/s3.amazonaws.com\/static.the-next-tech.com\/wp-content\/uploads\/2023\/11\/06120753\/Frame-98-15.jpg\"><amp-story-page id=\"a7c00b3a-bd00-4eed-89bc-f8826a0afd00\" auto-advance-after=\"14s\"><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#e8e8e8\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-656e0340-5f99-45e0-9361-fd6acefacc82\">\n<div class=\"fill\" 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Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.566343em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #21524c\">Citizens Bank: The Fifth US Bank Collapse In 2023<\/span><\/span><\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"72195b50-fa19-43e3-9c6b-4d58afe148c3\" auto-advance-after=\"14s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ee6d18e1-9998-442c-823a-556b48967610\",\"keyframes\":{\"transform\":[\"translate3d(-116.88312%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1000,\"easing\":\"cubic-bezier(.2, 0, .8, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#fffeeb\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-967e6880-ee1a-4e87-8f86-654881979806\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:12.62136%;top:47.08738%;width:74.75728%;height:49.83819%;opacity:1\">\n<div id=\"anim-ee6d18e1-9998-442c-823a-556b48967610\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-116.88312%, 0px, 0)\">\n<div id=\"anim-ff671305-81ac-4e84-ba5c-49792ddf6874\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:rotateZ(-180deg)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0a46e925-7165-4055-960d-8389536b9273\">\n<div style=\"position:absolute;width:100.00001%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/d28wu8o6itv89t.cloudfront.net\/images\/FederalDepositInsuranceCorpora-1597735656170.png\" alt=\"FederalDepositInsuranceCorpora-1597735656170.png\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.37864%;top:12.62136%;width:75.24272%;height:20.22654%;opacity:1\">\n<div id=\"anim-496c4353-cb43-44ce-9989-581698a1b7e3\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-eaa214fd-2a66-4e58-b8f3-43aeae8922a3\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, -208.17777%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6451612903225806% 0.6451612903225806% 0.6451612903225806% 0.6451612903225806% \/ 1.6% 1.6% 1.6% 1.6%\" id=\"el-b01cc955-11fe-4ff2-9847-d31fc5fcaecd\">\n<h3 class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.09526209677419344% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.339806em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #800f2f\">Regulators have closed an Iowa bank due to &#8220;substantial loan losses&#8221; on its balance sheet, as reported by the Federal Deposit Insurance Corporation (FDIC).<\/span><\/span><\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"e7048147-bfa4-4c5d-85c5-dc2e2a6b07ab\" auto-advance-after=\"14s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1bf42384-2902-4e76-b472-203af155b766\">\n<div style=\"position:absolute;width:100%;height:100%;left:0%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/play-lh.googleusercontent.com\/3Y2h1uxAojMdZtl0xqxXTzYnkFW8v_W_VHAWOzk8v99BcdadQI8fM7ndx7loeoq9TbU\" alt=\"3Y2h1uxAojMdZtl0xqxXTzYnkFW8v_W_VHAWOzk8v99BcdadQI8fM7ndx7loeoq9TbU\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:17.31392%;width:76.45631%;height:19.25566%;opacity:1\">\n<div id=\"anim-c2e00800-a00d-4910-ad83-e81f8eea5d46\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6349206349206349% 0.6349206349206349% 0.6349206349206349% 0.6349206349206349% \/ 1.680672268907563% 1.680672268907563% 1.680672268907563% 1.680672268907563%\" id=\"el-33b70b87-5986-4d6a-ba75-8c9a1b358e62\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.08928571428571429% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.323625em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #002853\">The FDIC has included Citizens Bank in Sac City in its roster of failed banks, with Iowa Trust &amp; Savings Bank taking over all deposits to safeguard depositors.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page 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6000w,https:\/\/images.unsplash.com\/photo-1501167786227-4cba60f6d58f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNXx8YmFuayUyMGNsb3NlZHxlbnwwfHx8fDE2OTkyNDczMTd8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4800&amp;h=3200&amp;fit=max 4800w,https:\/\/images.unsplash.com\/photo-1501167786227-4cba60f6d58f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNXx8YmFuayUyMGNsb3NlZHxlbnwwfHx8fDE2OTkyNDczMTd8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3600&amp;h=2400&amp;fit=max 3600w,https:\/\/images.unsplash.com\/photo-1501167786227-4cba60f6d58f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNXx8YmFuayUyMGNsb3NlZHxlbnwwfHx8fDE2OTkyNDczMTd8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2400&amp;h=1600&amp;fit=max 2400w,https:\/\/images.unsplash.com\/photo-1501167786227-4cba60f6d58f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNXx8YmFuayUyMGNsb3NlZHxlbnwwfHx8fDE2OTkyNDczMTd8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1200&amp;h=800&amp;fit=max 1200w,https:\/\/images.unsplash.com\/photo-1501167786227-4cba60f6d58f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNXx8YmFuayUyMGNsb3NlZHxlbnwwfHx8fDE2OTkyNDczMTd8MA&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=227&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 61vh, 137vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.8932%;top:11.32686%;width:76.21359%;height:27.02265%;opacity:1\">\n<div id=\"anim-ba17f819-ed9d-4fbf-9c02-6d83b908002a\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-72cf8b0f-fcb2-4f54-bdb6-f46153b1f8d9\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-115.60509%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6369426751592357% 0.6369426751592357% 0.6369426751592357% 0.6369426751592357% \/ 1.1976047904191618% 1.1976047904191618% 1.1976047904191618% 1.1976047904191618%\" id=\"el-4ae63953-bc7b-4e7c-8e8c-fb9afbaeb678\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.08957006369426752% 0;font-family:&quot;Roboto Condensed&quot;,sans-serif;font-size:0.323625em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #5a189a\">Established in 1929, Citizens Bank&#8217;s closure marks Iowa&#8217;s 1st bank shutdown since 2011. This constitutes the 5th U.S. bank failure in 2023, following Heartland Tri-State Bank, First Republic Bank, Signature Bank, and Silicon Valley Bank.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"37a9da88-6bc9-48d4-8585-9039a30f9a9a\" auto-advance-after=\"14s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-bdab5ada-76c3-47ea-b341-89f24da6aa3e\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-33eb61a6-dee2-4a78-970a-0710ecdc2391\",\"keyframes\":{\"transform\":[\"translate3d(0px, 99.10394%, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-f7012bf4-fc91-4fd0-87db-484be40952c0\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-205f9384-15bd-4600-9e9e-2202f08320d4\",\"keyframes\":{\"transform\":[\"translate3d(115.65496%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#86c5d0\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-92493352-c6ba-4c66-aab2-db5ea9d3bf33\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-3.39806%;top:59.54693%;width:106.79612%;height:50.16181%;opacity:1\">\n<div id=\"anim-bdab5ada-76c3-47ea-b341-89f24da6aa3e\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-33eb61a6-dee2-4a78-970a-0710ecdc2391\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(0px, 99.10394%, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-1df2b33a-1846-4a6a-8219-7ee5e6401563\">\n<div style=\"position:absolute;width:100.20201%;height:100%;left:-0.10101%;top:0%\" data-leaf-element=\"true\"><amp-video id=\"el-1df2b33a-1846-4a6a-8219-7ee5e6401563-media\" autoplay=\"autoplay\" loop=\"loop\" noaudio=\"noaudio\" poster=\"https:\/\/media.tenor.com\/MsfP29DA8C8AAAAe\/south-park-bank.png\" layout=\"fill\" alt=\"Bank GIF\"><source type=\"video\/mp4\" src=\"https:\/\/media.tenor.com\/MsfP29DA8C8AAAPo\/south-park-bank.mp4\"\/><\/amp-video><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:12.13592%;top:18.4466%;width:75.97087%;height:19.25566%;opacity:1\">\n<div id=\"anim-f7012bf4-fc91-4fd0-87db-484be40952c0\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-205f9384-15bd-4600-9e9e-2202f08320d4\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(115.65496%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6389776357827476% 0.6389776357827476% 0.6389776357827476% 0.6389776357827476% \/ 1.680672268907563% 1.680672268907563% 1.680672268907563% 1.680672268907563%\" id=\"el-df8a5665-eaf0-4cdb-b1e6-88531d17b23b\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.08985623003194888% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.323625em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #a4133c\">As of September this year, the Iowa Division of Banking reported that the bank held approximately $66 million in total assets and $59 million in total deposits.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"7122804b-4d4d-47a8-9f75-1acfae8e4e89\" auto-advance-after=\"14s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-cc1bf928-852b-4350-b21e-9f0221f780d9\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-c3b008e0-769e-4e1e-8dcc-e982f320bda7\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-ce5530d9-0873-4e56-aaed-a20750068f96\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":300,\"duration\":2000,\"easing\":\"cubic-bezier(0.4, 0.4, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#131516\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-fd21c1fd-86ec-432c-8343-643a64bc003b\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-10.19417%;top:-9.38511%;width:120.38835%;height:119.90291%;opacity:1\">\n<div id=\"anim-cc1bf928-852b-4350-b21e-9f0221f780d9\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-0836e9c8-e189-489c-ab74-de44b6b64977\">\n<div style=\"position:absolute;width:100%;height:100.40486%;left:0%;top:-0.20243%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/images.unsplash.com\/photo-1541354329998-f4d9a9f9297f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNHx8ZmVkZXJhbCUyMHJlc2VydmUlMjBiYW5rfGVufDB8fHx8MTY5OTI0ODUyOXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4000&amp;h=6000&amp;fit=max\" alt=\"gray concrete building during daytime\" srcSet=\"https:\/\/images.unsplash.com\/photo-1541354329998-f4d9a9f9297f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNHx8ZmVkZXJhbCUyMHJlc2VydmUlMjBiYW5rfGVufDB8fHx8MTY5OTI0ODUyOXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=4000&amp;h=6000&amp;fit=max 4000w,https:\/\/images.unsplash.com\/photo-1541354329998-f4d9a9f9297f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNHx8ZmVkZXJhbCUyMHJlc2VydmUlMjBiYW5rfGVufDB8fHx8MTY5OTI0ODUyOXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=3200&amp;h=4800&amp;fit=max 3200w,https:\/\/images.unsplash.com\/photo-1541354329998-f4d9a9f9297f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNHx8ZmVkZXJhbCUyMHJlc2VydmUlMjBiYW5rfGVufDB8fHx8MTY5OTI0ODUyOXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=2400&amp;h=3600&amp;fit=max 2400w,https:\/\/images.unsplash.com\/photo-1541354329998-f4d9a9f9297f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNHx8ZmVkZXJhbCUyMHJlc2VydmUlMjBiYW5rfGVufDB8fHx8MTY5OTI0ODUyOXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=1600&amp;h=2400&amp;fit=max 1600w,https:\/\/images.unsplash.com\/photo-1541354329998-f4d9a9f9297f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNHx8ZmVkZXJhbCUyMHJlc2VydmUlMjBiYW5rfGVufDB8fHx8MTY5OTI0ODUyOXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=800&amp;h=1200&amp;fit=max 800w,https:\/\/images.unsplash.com\/photo-1541354329998-f4d9a9f9297f?ixid=M3wxMzcxOTN8MHwxfHNlYXJjaHwxNHx8ZmVkZXJhbCUyMHJlc2VydmUlMjBiYW5rfGVufDB8fHx8MTY5OTI0ODUyOXww&amp;ixlib=rb-4.0.3&amp;fm=jpg&amp;w=340&amp;h=510&amp;fit=max 340w\" sizes=\"(min-width: 1024px) 54vh, 120vw\" disable-inline-width=\"true\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.65049%;top:70.22654%;width:76.94175%;height:27.99353%;opacity:1\">\n<div id=\"anim-c3b008e0-769e-4e1e-8dcc-e982f320bda7\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-4e0b9777-e01a-4d7b-be46-a7181269486e\">\n<div class=\"fill\" style=\"background-color:rgba(0,0,0,0.65);will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:14.32039%;top:73.30097%;width:71.60194%;height:23.13916%;opacity:1\">\n<div id=\"anim-ce5530d9-0873-4e56-aaed-a20750068f96\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6779661016949152% 0.6779661016949152% 0.6779661016949152% 0.6779661016949152% \/ 1.3986013986013985% 1.3986013986013985% 1.3986013986013985% 1.3986013986013985%\" id=\"el-66249465-3c86-4c39-974e-3292eaadeb80\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.09533898305084747% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.323625em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #ffffb7\">In 2023, the banking sector has faced challenges due to bond portfolios in the red, primarily caused by the Federal Reserve&#8217;s successive interest rate increases.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"929c5649-44e7-4ab3-b647-ca91854c7288\" auto-advance-after=\"14s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-af109950-5660-46b7-a242-881ada6f1856\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-802fa9d2-7da2-46e6-9808-7137cfd62ebd\",\"keyframes\":{\"transform\":[\"translate3d(0px, 99.77192%, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script 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Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.307443em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #a4133c\">The challenges of unrealized losses were highlighted when Silicon Valley Bank collapsed earlier this year. In March, a bank run was triggered by a $1.8 billion loss from selling underwater bonds.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><amp-story-page id=\"e44785a4-70fb-4502-a7e3-f532b6495cb6\" auto-advance-after=\"14s\"><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-973f5466-ad87-4090-97ac-8262142ccaad\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-645b5b7f-e8a0-402d-8cfa-15eeb24e7991\",\"keyframes\":{\"transform\":[\"translate3d(-62.71393%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-3529da8c-c7e2-47fa-a159-b87f2b1a652b\",\"keyframes\":{\"opacity\":[0,1]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-animation layout=\"nodisplay\" trigger=\"visibility\"><script type=\"application\/json\">[{\"selector\":\"#anim-21410500-af48-48f6-b5d1-3042706f1ffd\",\"keyframes\":{\"transform\":[\"translate3d(115.97445%, 0px, 0)\",\"translate3d(0px, 0px, 0)\"]},\"delay\":0,\"duration\":1500,\"easing\":\"cubic-bezier(0.2, 0.6, 0.0, 1)\",\"fill\":\"both\"}]<\/script><\/amp-story-animation><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\" style=\"background-color:#8eb0eb\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:0;top:-9.25926%;width:100%;height:118.51852%;opacity:1\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-bb7c9f87-b98f-4d9b-8297-c850662b0bf9\">\n<div class=\"fill\" style=\"will-change:transform\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><amp-story-grid-layer template=\"vertical\" aspect-ratio=\"412:618\" class=\"grid-layer\"><\/p>\n<div class=\"page-fullbleed-area\">\n<div class=\"page-safe-area\">\n<div style=\"position:absolute;pointer-events:none;left:-74.02913%;top:21.52104%;width:198.54369%;height:87.86408%;opacity:1\">\n<div id=\"anim-973f5466-ad87-4090-97ac-8262142ccaad\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-645b5b7f-e8a0-402d-8cfa-15eeb24e7991\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(-62.71393%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0\" class=\"mask\" id=\"el-b0b6b379-5b37-49b3-8b63-812512542986\">\n<div style=\"position:absolute;width:100.05315%;height:100%;left:-0.02658%;top:0%\" data-leaf-element=\"true\"><amp-img layout=\"fill\" src=\"https:\/\/static.fibre2fashion.com\/newsresource\/images\/284\/moody_295754.jpg\" alt=\"moody_295754.jpg\"><\/amp-img><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div style=\"position:absolute;pointer-events:none;left:11.8932%;top:4.69256%;width:75.97087%;height:19.25566%;opacity:1\">\n<div id=\"anim-3529da8c-c7e2-47fa-a159-b87f2b1a652b\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:0;--initial-transform:none\">\n<div id=\"anim-21410500-af48-48f6-b5d1-3042706f1ffd\" class=\"animation-wrapper\" style=\"width:100%;height:100%;display:block;position:absolute;top:0;left:0;--initial-opacity:1;--initial-transform:translate3d(115.97445%, 0px, 0)\">\n<div style=\"pointer-events:initial;width:100%;height:100%;display:block;position:absolute;top:0;left:0;z-index:0;border-radius:0.6389776357827476% 0.6389776357827476% 0.6389776357827476% 0.6389776357827476% \/ 1.680672268907563% 1.680672268907563% 1.680672268907563% 1.680672268907563%\" id=\"el-4d5c5ad9-d9e6-41d4-b135-536142b720cf\">\n<p class=\"fill text-wrapper\" style=\"white-space:pre-line;overflow-wrap:break-word;word-break:break-word;margin:-0.08985623003194888% 0;font-family:&quot;Roboto&quot;,&quot;Helvetica Neue&quot;,&quot;Helvetica&quot;,sans-serif;font-size:0.323625em;line-height:1.2;text-align:center;padding:0;color:#000000\"><span><span style=\"font-weight: 700; color: #ffffb7\">Moody&#8217;s recent report states the industry is grappling with around $650 billion in unrealized losses that aren&#8217;t required to be valued at market prices.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/amp-story-grid-layer><\/amp-story-page><\/amp-story><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citizens Bank in Sac City, Iowa, closed due to financial instability, becoming the fifth U.S. bank failure in 2023. The FDIC assumed control following approval from the Iowa Division of Banking.<\/p>\n","protected":false},"author":152,"featured_media":74252,"template":"","meta":{"web_stories_publisher_logo":59216,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[39115,39156,39143,39151,39144,39168,39165,39166,39163,39167,39169,39106,39164,39170,39121,39176,39095,39133,39172,39153,39180,39181,39145,39117,39096,39127,39120,39131,39160,39152,39104,39101,39134,39105,39178,39132,39122,39107,39111,39126,39162,39138,39119,39141,39103,39179,39177,39157,39099,39146,39147,39182,39161,39102,39135,39158,39130,39123,39159,39139,39137,39100,39116,39155,39154,39148,39150,21136,21891,20298,24159,39136,39118,39129,39114,39128,39124,21889,39112,39125,39113,39140,39142,39149,39098,39174,21562,21112,39110,39108,39109,39173,39175,39183],"class_list":["post-74239","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"story_data":{"version":46,"pages":[{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"656e0340-5f99-45e0-9361-fd6acefacc82"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/webp","width":1024,"height":682,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":true,"src":"https:\/\/arizent.brightspotcdn.com\/dims4\/default\/6ff90a2\/2147483647\/strip\/true\/crop\/3600x2400+0+0\/resize\/1024x682!\/format\/webp\/quality\/90\/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F47%2Fdf%2Fc4f52fb044f59af0e97db27f7668%2Fcitizens-bl022713.jpg","id":"b72e0de6-8327-46b5-ab69-edc46d521c2e","alt":"90","baseColor":"#3d423f"},"type":"image","x":-183,"y":158,"width":778,"height":519,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 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In 2023<\/span>","borderRadius":{"locked":true,"topLeft":2,"topRight":2,"bottomRight":2,"bottomLeft":2},"x":47,"y":16,"width":317,"height":125,"id":"491c5cdf-a2ab-4fda-91b5-4b7ee669a50b"}],"backgroundColor":{"color":{"r":232,"g":232,"b":232}},"type":"page","id":"a7c00b3a-bd00-4eed-89bc-f8826a0afd00"},{"elements":[{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":true,"x":1,"y":1,"width":1,"height":1,"mask":{"type":"rectangle"},"isBackground":true,"isDefaultBackground":true,"type":"shape","id":"967e6880-ee1a-4e87-8f86-654881979806"},{"opacity":100,"flip":{"vertical":false,"horizontal":false},"rotationAngle":0,"lockAspectRatio":false,"scale":100,"focalX":50,"focalY":50,"resource":{"type":"image","mimeType":"image\/png","width":400,"height":400,"sizes":[],"isPlaceholder":false,"isExternal":true,"needsProxy":false,"src":"https:\/\/d28wu8o6itv89t.cloudfront.net\/images\/FederalDepositInsuranceCorpora-1597735656170.png","id":"e77268fe-49c1-485a-893f-7b916b343eb9","alt":"FederalDepositInsuranceCorpora-1597735656170.png","baseColor":"#040404"},"type":"image","x":52,"y":291,"width":308,"height":308,"mask":{"type":"rectangle","showInLibrary":true,"name":"Rectangle","path":"M 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to \"substantial loan losses\" on its balance sheet, as reported by the Federal Deposit Insurance Corporation 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