MCNULTY BANKING COMPANY Failed 1987

ST. PETERSBURG, FL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

MCNULTY BANKING COMPANY of ST. PETERSBURG, FL was closed on 1987-08-14. The FDIC was named receiver.

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

Deposits were transferred to BARNETT BK OF PINELLAS C (ST. PETERSBURG, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1497
FDIC Certificate
20345
FDIC FIN
2719
Bank name
MCNULTY BANKING COMPANY
Location
ST. PETERSBURG, FL
Failure date
1987-08-14
FDIC resolution date
1987-08-14
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.)
$7M
Deposits at failure
$53M
Assets at failure
$57M
Acquiring bank
BARNETT BK OF PINELLAS C (ST. PETERSBURG, FL)