THE GERING NATIONAL BANK & TRUST Failed 1986

GERING, NE · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THE GERING NATIONAL BANK & TRUST of GERING, NE was closed on 1986-07-31. The FDIC was named receiver.

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

Deposits were transferred to SCOTTSBLUFF NB&T CO (SCOTTSBLUFF, NE). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1245
FDIC Certificate
5409
FDIC FIN
2585
Bank name
THE GERING NATIONAL BANK & TRUST
Location
GERING, NE
Failure date
1986-07-31
FDIC resolution date
1986-07-31
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$20M
Deposits at failure
$71M
Assets at failure
$70M
Acquiring bank
SCOTTSBLUFF NB&T CO (SCOTTSBLUFF, NE)