FIRST NATIONAL BANK Failed 1986
What happened
FIRST NATIONAL BANK of WILLOWS, CA was closed on 1986-11-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST INTERSTATE CNTL BA (WILLOWS, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1308
- FDIC Certificate
- 3547
- FDIC FIN
- 2619
- Bank name
- FIRST NATIONAL BANK
- Location
- WILLOWS, CA
- Failure date
- 1986-11-20
- FDIC resolution date
- 1986-11-20
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $59M
- Assets at failure
- $63M
- Acquiring bank
- FIRST INTERSTATE CNTL BA (WILLOWS, CA)