Biggest US 'Bankers' Bank' Fails

The FDIC has shut down a Georgia-based bank that was the largest in the country to accept deposits exclusively from other banks, the Wall Street Journal reports. Some argued that Silverton Bank—known as the Bankers' Bank until last year—was “too big to fail.” The FDIC has created a bridge company to manage holdings, and a rep said the agency doesn’t expect “any meaningful impact on the bank's clients.” (More Silverton Bank stories.)