FIRST STATE BANK OF ATMORE Failed 1987
What happened
FIRST STATE BANK OF ATMORE of ATMORE, AL was closed on 1987-02-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF ATMORE (ATMORE, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1366
- FDIC Certificate
- 24990
- FDIC FIN
- 2648
- Bank name
- FIRST STATE BANK OF ATMORE
- Location
- ATMORE, AL
- Failure date
- 1987-02-19
- FDIC resolution date
- 1987-02-19
- 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.)
- $0M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- FIRST NB OF ATMORE (ATMORE, AL)