ALBANY STATE BANK Failed 1986
What happened
ALBANY STATE BANK of ALBANY, MO was closed on 1986-08-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED MO BANK OF ST JOS (ST. JOSEPH, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1264
- FDIC Certificate
- 23248
- FDIC FIN
- 2594
- Bank name
- ALBANY STATE BANK
- Location
- ALBANY, MO
- Failure date
- 1986-08-28
- FDIC resolution date
- 1986-08-28
- 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.)
- $2M
- Deposits at failure
- $5M
- Assets at failure
- $5M
- Acquiring bank
- UNITED MO BANK OF ST JOS (ST. JOSEPH, MO)
Other banks UNITED MO BANK OF ST JOS acquired in FDIC resolutions