A local bank is shut down by the Feds, and employees were held for about six hours.

The bank is Arkansas National Bank, located at Taylor Crossing in Idaho Falls.

We're told about 3:30 Friday afternoon federal regulators came in, closed the bank, and seized all the assets and property. No employees were even allowed to leave.

The Feds let employees leave around 9 P.M., after searching all of the their personal belongings and confiscating employees' keys.

The government has even hired police officers, who will constantly supervise the bank throughout the investigation.

Federal regulators say they've closed ANB after discovering "unsafe and unsound" business practices. Regulators will be auditing all of the loans and accounts through the bank.

Over the weekend, all deposit customers can access insured money by writing checks, or by using debit or ATM cards.

Checks drawn on the bank that did not clear before Friday will be honored up to the insured limit.

Customers with uninsured deposits can either call the FDIC toll-free at 1-877-367-2719, or click on newslinks above for a link to the FDIC's website.

The toll-free number will be working Saturday morning by 7 A.M.

The failed bank's all nine offices will re-open Monday morning as branches of Pulaski Bank and Trust Company.