David Herndon, the Kansas bank commissioner, appears Wednesday before the House Financial Institutions and Rural Development CommitteeKansas bank commissioner David Herndon, seen here before a legislative committee in January 2022, says Heartland Tri-State Bank closed because of a huge scam, and while he doesnt know details, no other banks were effected. Photo Credit: SHERMAN SMITH / KANSAS REFLECTOR
By Sam Bailey, Kansas Reflector Heartland Tri-State Bank of Elkhart on July 28 became the fourth U.S. bank to fail in 2023 and the second…