FAMILY BANK Failed 1986
What happened
FAMILY BANK of OGDEN, UT was closed on 1986-03-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCIAL SECURITY BANK (OGDEN, UT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1169
- FDIC Certificate
- 22432
- FDIC FIN
- 2545
- Bank name
- FAMILY BANK
- Location
- OGDEN, UT
- Failure date
- 1986-03-28
- FDIC resolution date
- 1986-03-28
- 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.)
- $3M
- Deposits at failure
- $25M
- Assets at failure
- $28M
- Acquiring bank
- COMMERCIAL SECURITY BANK (OGDEN, UT)
Other banks COMMERCIAL SECURITY BANK acquired in FDIC resolutions