BANK OF PANAMA Failed 1985
What happened
BANK OF PANAMA of PANAMA, NE was closed on 1985-12-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FARMERS STATE BANK (DOUGLAS, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1122
- FDIC Certificate
- 18726
- FDIC FIN
- 2523
- Bank name
- BANK OF PANAMA
- Location
- PANAMA, NE
- Failure date
- 1985-12-19
- FDIC resolution date
- 1985-12-19
- 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
- $4M
- Assets at failure
- $4M
- Acquiring bank
- FARMERS STATE BANK (DOUGLAS, NE)
Other banks FARMERS STATE BANK acquired in FDIC resolutions