THE FIRST NATIONAL BANK OF SHERIDAN Failed 1986

What happened

THE FIRST NATIONAL BANK OF SHERIDAN of SHERIDAN, WY was closed on 1986-07-17. The FDIC was named receiver.

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

Deposits were transferred to FIRST WYOMING BANK-SHERI (SHERIDAN, WY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1228

FDIC Certificate

2230

FDIC FIN

2577

Bank name

THE FIRST NATIONAL BANK OF SHERIDAN

Location

SHERIDAN, WY

Failure date

1986-07-17

FDIC resolution date

1986-07-17

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$6M

Deposits at failure

$64M

Assets at failure

$69M

Acquiring bank

FIRST WYOMING BANK-SHERI (SHERIDAN, WY)