THE FARMERS NATIONAL BANK OF REMINGTON Failed 1987
What happened
THE FARMERS NATIONAL BANK OF REMINGTON of REMINGTON, IN was closed on 1987-01-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LAFAYETTE NATIONAL BANK (LAFAYETTE, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1348
- FDIC Certificate
- 4372
- FDIC FIN
- 2638
- Bank name
- THE FARMERS NATIONAL BANK OF REMINGTON
- Location
- REMINGTON, IN
- Failure date
- 1987-01-29
- FDIC resolution date
- 1987-01-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $33M
- Assets at failure
- $35M
- Acquiring bank
- LAFAYETTE NATIONAL BANK (LAFAYETTE, IN)