FIRST MIDWEST BANK Failed 1987
What happened
FIRST MIDWEST BANK of MARYVILLE, MO was closed on 1987-06-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST BANK OF MARYVILLE (MARYVILLE, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1454
- FDIC Certificate
- 1947
- FDIC FIN
- 2699
- Bank name
- FIRST MIDWEST BANK
- Location
- MARYVILLE, MO
- Failure date
- 1987-06-18
- FDIC resolution date
- 1987-06-18
- 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
- $26M
- Assets at failure
- $26M
- Acquiring bank
- FIRST BANK OF MARYVILLE (MARYVILLE, MO)
Other banks FIRST BANK OF MARYVILLE acquired in FDIC resolutions