UNITED BANK Failed 1987

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

What happened

UNITED BANK of LIBBY, MT was closed on 1987-05-14. The FDIC was named receiver.

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

Deposits were transferred to FIRST NATIONAL BANK IN L (LIBBY, MT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1436
FDIC Certificate
19324
FDIC FIN
2688
Bank name
UNITED BANK
Location
LIBBY, MT
Failure date
1987-05-14
FDIC resolution date
1987-05-14
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.)
$2M
Deposits at failure
$14M
Assets at failure
$15M
Acquiring bank
FIRST NATIONAL BANK IN L (LIBBY, MT)