CARDWELL STATE BANK Failed 1985

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

What happened

CARDWELL STATE BANK of CARDWELL, MO was closed on 1985-08-28. The FDIC was named receiver.

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

Deposits were transferred to MERCHANTS&PLANTERS BK HO (HORNERSVILLE, MO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1057
FDIC Certificate
16084
FDIC FIN
2493
Bank name
CARDWELL STATE BANK
Location
CARDWELL, MO
Failure date
1985-08-28
FDIC resolution date
1985-08-28
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.)
$1M
Deposits at failure
$6M
Assets at failure
$6M
Acquiring bank
MERCHANTS&PLANTERS BK HO (HORNERSVILLE, MO)