Bank Closures and State Troopers

Every Friday the feds close down a half dozen banks or so. We’ve had one in Sioux City — Vantus (formerly 1st Federal) — that we’ve been expecting to get shut down for a month or so. Its financial troubles have been front page news on and off for a couple of weeks. It was therefore no surprise when the feds swooped in a shut them down this weekend. They’re now Great Southern Bank (based in Joplin, MO).

We drive by a Vantus branch going into town and what was surprising is that every day (including Sunday and Labor Day Monday) there was a State Trooper parked in the parking lot. He was still sitting there today. That’s a lot of trooper man hours — or he fell asleep in his car, not sure which.