Hume Bank

Who: Hume Bank

What: Second bank failure of 2008 (March 7, 2008)

Where: Hume, Missouri

Why: According to Missouri Commissioner of Finance D. Eric McClure, the bank's failure was "a direct result of alleged improprieties by former bank management, which resulted in past due loans not being reported and the true condition of the bank being misrepresented."

Fast Facts: In August 2007, the Missouri Division of Finance issued an order of prohibition against Jeffrey W. Thompson, former president of Hume; Security Bank of Rich Hill, Missouri assumed Hume's insured deposits; as of Dec. 31, 207, Hume's assets totaled $18.7 million, while its deposits totaled $13.6 million.

View the press release

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