THE FIRST NATIONAL BANK OF ROCKLAND Failed 1985

What happened

THE FIRST NATIONAL BANK OF ROCKLAND of RAMAPO, NY was closed on 1985-09-13. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to FIRST NB OF HIGHLAND (HIGHLAND, NY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1068

FDIC Certificate

21562

FDIC FIN

5610

Bank name

THE FIRST NATIONAL BANK OF ROCKLAND

Location

RAMAPO, NY

Failure date

1985-09-13

FDIC resolution date

1985-09-13

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$0M

Deposits at failure

$25M

Assets at failure

$29M

Acquiring bank

FIRST NB OF HIGHLAND (HIGHLAND, NY)