Delve into the comprehensive analysis of the unexpected closure of Citizens Bank by the FDIC on November 3, 2023. This blog post explores the underlying issues, particularly the surge in trucker loan defaults, that led to significant financial instability. Learn about the aftermath, including the role of Iowa Trust & Savings Bank, and understand the far-reaching impacts on the banking industry and the economy as a whole. Continue reading The Closure of Citizens Bank and the Trucker Loan Defaults: A Detailed Analysis