THE CLARKSDALE BANK OF CLARKDALE Failed 1985
What happened
THE CLARKSDALE BANK OF CLARKDALE of CLARKSDALE, MO was closed on 1985-11-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED MO BANK OF CLARKS (CLARKSDALE, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1100
- FDIC Certificate
- 8562
- FDIC FIN
- 2516
- Bank name
- THE CLARKSDALE BANK OF CLARKDALE
- Location
- CLARKSDALE, MO
- Failure date
- 1985-11-21
- FDIC resolution date
- 1985-11-21
- 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
- $6M
- Assets at failure
- $6M
- Acquiring bank
- UNITED MO BANK OF CLARKS (CLARKSDALE, MO)