ALLEN COUNTY BANK AND TRUST COMPANY Failed 1985

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

What happened

ALLEN COUNTY BANK AND TRUST COMPANY of LEO, IN was closed on 1985-11-22. The FDIC was named receiver.

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

Deposits were transferred to INDIANA NATIONAL BANK (INDIANAPOLIS, IN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1103
FDIC Certificate
20533
FDIC FIN
2518
Bank name
ALLEN COUNTY BANK AND TRUST COMPANY
Location
LEO, IN
Failure date
1985-11-22
FDIC resolution date
1985-11-22
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.)
$0M
Deposits at failure
$11M
Assets at failure
$11M
Acquiring bank
INDIANA NATIONAL BANK (INDIANAPOLIS, IN)