THE AMERICAN BANK Failed 1986
What happened
THE AMERICAN BANK of ALMA, WI was closed on 1986-06-20. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BANK OF ALMA (ALMA, WI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1215
- FDIC Certificate
- 13050
- FDIC FIN
- 6707
- Bank name
- THE AMERICAN BANK
- Location
- ALMA, WI
- Failure date
- 1986-06-20
- FDIC resolution date
- 1986-06-20
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $36M
- Assets at failure
- $40M
- Acquiring bank
- BANK OF ALMA (ALMA, WI)