DEER LODGE BANK & TRUST COMPANY Failed 1987

DEER LODGE, MT · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

DEER LODGE BANK & TRUST COMPANY of DEER LODGE, MT was closed on 1987-04-09. The FDIC was named receiver.

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

Deposits were transferred to PEOPLES BK OF DEER LODGE (DEER LODGE, MT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1409
FDIC Certificate
8316
FDIC FIN
2675
Bank name
DEER LODGE BANK & TRUST COMPANY
Location
DEER LODGE, MT
Failure date
1987-04-09
FDIC resolution date
1987-04-09
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.)
$3M
Deposits at failure
$14M
Assets at failure
$15M
Acquiring bank
PEOPLES BK OF DEER LODGE (DEER LODGE, MT)