FIRST NATIONAL BANK OF GLENROCK Failed 1985

What happened

FIRST NATIONAL BANK OF GLENROCK of GLENROCK, WY was closed on 1985-07-23. The FDIC was named receiver.

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

Deposits were transferred to NATIONAL BANK OF GLENROC (GLENROCK, WY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1036

FDIC Certificate

18928

FDIC FIN

2482

Bank name

FIRST NATIONAL BANK OF GLENROCK

Location

GLENROCK, WY

Failure date

1985-07-23

FDIC resolution date

1985-07-23

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$4M

Deposits at failure

$16M

Assets at failure

$19M

Acquiring bank

NATIONAL BANK OF GLENROC (GLENROCK, WY)