BANK OF COLUMBIA FALLS Failed 1986
What happened
BANK OF COLUMBIA FALLS of COLUMBIA FALLS, MT was closed on 1986-05-30. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST CITIZENS BANK NA (COLUMBIA FALLS, MT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1203
- FDIC Certificate
- 8315
- FDIC FIN
- 2565
- Bank name
- BANK OF COLUMBIA FALLS
- Location
- COLUMBIA FALLS, MT
- Failure date
- 1986-05-30
- FDIC resolution date
- 1986-05-30
- 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.)
- $18M
- Deposits at failure
- $39M
- Assets at failure
- $41M
- Acquiring bank
- FIRST CITIZENS BANK NA (COLUMBIA FALLS, MT)