FIRST STATE BANK OF KING CITY, MISSOURI Failed 1987
What happened
FIRST STATE BANK OF KING CITY, MISSOURI of KING CITY, MO was closed on 1987-02-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS BANK&TRUST CO (CHILLICOTHE, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1362
- FDIC Certificate
- 14742
- FDIC FIN
- 2646
- Bank name
- FIRST STATE BANK OF KING CITY, MISSOURI
- Location
- KING CITY, MO
- Failure date
- 1987-02-13
- FDIC resolution date
- 1987-02-13
- 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.)
- $5M
- Deposits at failure
- $15M
- Assets at failure
- $14M
- Acquiring bank
- CITIZENS BANK&TRUST CO (CHILLICOTHE, MO)
Other banks CITIZENS BANK&TRUST CO acquired in FDIC resolutions