JOHNSON COUNTY BANK Failed 1986

What happened

JOHNSON COUNTY BANK of TECUMSEH, NE was closed on 1986-02-07. The FDIC was named receiver.

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

Deposits were transferred to STATE BANK OF ELK CREEK (ELK CREEK, NE). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1141

FDIC Certificate

11484

FDIC FIN

2534

Bank name

JOHNSON COUNTY BANK

Location

TECUMSEH, NE

Failure date

1986-02-07

FDIC resolution date

1986-02-07

Charter type

State commercial bank, Federal Reserve member

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$5M

Deposits at failure

$19M

Assets at failure

$20M

Acquiring bank

STATE BANK OF ELK CREEK (ELK CREEK, NE)