CALLAO COMMUNITY BANK Failed 1986

CALLAO, MO · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

CALLAO COMMUNITY BANK of CALLAO, MO was closed on 1986-07-17. The FDIC was named receiver.

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

Deposits were transferred to LAFAYETTE CNTY BK LEXING (LEXINGTON, MO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1230
FDIC Certificate
16969
FDIC FIN
2576
Bank name
CALLAO COMMUNITY BANK
Location
CALLAO, MO
Failure date
1986-07-17
FDIC resolution date
1986-07-17
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.)
$1M
Deposits at failure
$6M
Assets at failure
$6M
Acquiring bank
LAFAYETTE CNTY BK LEXING (LEXINGTON, MO)