FIRST OF MONTGOMERY COUNTY Failed 1986
What happened
FIRST OF MONTGOMERY COUNTY of BLACKSBURG, VA was closed on 1986-06-06. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to CARTERET S&LA FA (NEWARK, NJ). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1208
- FDIC Certificate
- 28240
- FDIC FIN
- 1686
- Bank name
- FIRST OF MONTGOMERY COUNTY
- Location
- BLACKSBURG, VA
- Failure date
- 1986-06-06
- FDIC resolution date
- 1986-06-06
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $15M
- Assets at failure
- $15M
- Acquiring bank
- CARTERET S&LA FA (NEWARK, NJ)
Other banks CARTERET S&LA FA acquired in FDIC resolutions