FIRST BANK & TRUST OF IDAHO Failed 1986

MALAD CITY, ID · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FIRST BANK & TRUST OF IDAHO of MALAD CITY, ID was closed on 1986-05-09. The FDIC was named receiver.

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

Deposits were transferred to IDAHO FIRST NATIONAL BAN (BOISE, ID). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1192
FDIC Certificate
2864
FDIC FIN
2558
Bank name
FIRST BANK & TRUST OF IDAHO
Location
MALAD CITY, ID
Failure date
1986-05-09
FDIC resolution date
1986-05-09
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.)
$17M
Deposits at failure
$52M
Assets at failure
$56M
Acquiring bank
IDAHO FIRST NATIONAL BAN (BOISE, ID)