Banks in Illinois and Nebraska were closed on Friday: “This bank closure is not indicative of the general condition of our Nebraska banks; this is not the tip of an iceberg,” said John Munn, director of the Nebraska Department of Banking and Finance.
Ionia, Mich.-based Independent Bank announced a temporary suspension of foreclosure activity. So did JP Morgan Chase and Citigroup-but you heard about those, we’re sure.
Meanwhile, in Florida, a Miami bank CEO who worked his way up from the print shop, gave employees $60 million in bonuses after he sold the bank. The Miami Herald has the story, including this quote:
”I knew some of these people since I was 7 years old. I didn’t feel right getting the money myself.”