Tuesday, November 29, 2022

Why did FTX buy this rural WA bank "Farmington State Bank had 3 staff and was the 26th-smallest bank in America out of a total 4,800.

"For a decade, Farmington's bank held around $10 million in deposits. In the third quarter this year, deposits jumped to $84 million – 85% of which came from just four accounts, ...


https://www.businessinsider.com/ftx-owned-stake-in-tiny-rural-bank-bankruptcy-hearing-shows-2022-11?international=true&r=US&IR=T