Heartland Tri-State Bank in Kansas has been forced to halt operations by regulators after it became insolvent, marking it the fifth bank to collapse in the United States this year. After determining that the bank, which had its headquarters in Elkhart, had fallen insolvent, Kansas Bank Commissioner David Herndon appointed the Federal Deposit Insurance Corporation (FDIC) as a receiver. “Heartland Tri-State Bank became insolvent due to an isolated event. Overall, the Kansas banking industry is unaffected by this event and Kansas banks remain strong,” the State Bank Commissioner’s office said in a statement. The bank is set to reopen as part of the Dream First Bank on July 31. NN: They lost half their depositors in a single “isolated” event. Wonder how that happened. Where were the bank examiners?