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this post was submitted on 22 Aug 2024
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Ok so I decided to read into this a little more. On FDICs website it says all customer funds should be available backing up my assumption that no customer of the bank lost any money: https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/heartlandtristate.html
It says:
That contradicts statements on https://arstechnica.com/tech-policy/2024/08/ex-bank-ceo-gets-24-years-after-falling-for-crypto-scam-causing-bank-collapse/
But it seems like they didn't let it fail completely and transferred all assets and most liabilities to Dream First Bank? That would be nice for the granny with more than 250K in the account.