Independence Bank, a small bank in Rhode Island, is closing down! The government found that the bank charged illegal fees and made risky loans. This caused the government to lose a lot of money.
- The bank made bad loans to small businesses.
- Some bank leaders did things wrong.
- The bank has to pay back $3.5 million.
| Fact | Number |
|---|---|
| Money the bank has to pay back | $3.5 million |
| Estimated government losses | $8.8 million |
