Feds take over TeamBank N.A.; local facility reopened Saturday as Great Southern Bank

Tuesday, March 24, 2009

Customers of TeamBank N.A., with headquarters in Paola, Kan., received a shock Friday evening when the bank was closed by the Comptroller of the Currency, which then appointed the Federal Deposit Insurance Corporation as receiver. Great Southern Bank, Springfield, Mo., has taken over the assets of the troubled bank and depositors of TeamBank automatically become depositors of Great Southern Bank.

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