LINN COUNTY BANK Failed 1985

LINNEUS, MO · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

LINN COUNTY BANK of LINNEUS, MO was closed on 1985-07-19. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to UNITED MO BANK OF LINN C (LINNEUS, MO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1032
FDIC Certificate
10625
FDIC FIN
2480
Bank name
LINN COUNTY BANK
Location
LINNEUS, MO
Failure date
1985-07-19
FDIC resolution date
1985-07-19
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2M
Deposits at failure
$5M
Assets at failure
$5M
Acquiring bank
UNITED MO BANK OF LINN C (LINNEUS, MO)