CLARKS FORK NATIONAL BANK Failed 1987

What happened

CLARKS FORK NATIONAL BANK of FROMBERG, MT was closed on 1987-03-19. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to YELLOWSTONE BANK (LAUREL, MT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1391

FDIC Certificate

1108

FDIC FIN

2665

Bank name

CLARKS FORK NATIONAL BANK

Location

FROMBERG, MT

Failure date

1987-03-19

FDIC resolution date

1987-03-19

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$1M

Deposits at failure

$8M

Assets at failure

$8M

Acquiring bank

YELLOWSTONE BANK (LAUREL, MT)