bank closure
Financial institution shuttering
Bank closure is the shutting down of a bank, either temporarily or permanently.
A temporary closure might occur for holidays or emergencies: The storm forced bank closures across the region.
Permanent closure happens when regulators seize a failing institution or when a bank consolidates branches: The FDIC announced the bank closure Friday evening.
- shutdownCessation of operations
- collapseSudden structural failure
- failureLack of success
- insolvencyInability to pay debts
- bankruptcyLegal status when insolvent
liquidation · FDIC · FDIC insured · bailout · too big to fail · recession · foreclosure · deposits · withdrawal · panic · run · financial crisis · crisis · savings · vault · locked · doors · regulators
- time restrictionscurfew, quiet hours, library hours, pool hours
- Bank Failuresinsolvency, receivership, liquidation, FDIC, bailout
- financial crisesfinancial collapse, economic collapse, market crash, credit crunch, market panic