AMERICAN NATIONAL BANK OF EVANSTON Failed 1987

What happened

AMERICAN NATIONAL BANK OF EVANSTON of EVANSTON, WY was closed on 1987-08-20. The FDIC was named receiver.

Resolution: Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to PIONEER BANK OF EVANSTON (EVANSTON, WY). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1501

FDIC Certificate

25742

FDIC FIN

5900

Bank name

AMERICAN NATIONAL BANK OF EVANSTON

Location

EVANSTON, WY

Failure date

1987-08-20

FDIC resolution date

1987-08-20

Charter type

National commercial bank (OCC-chartered)

Resolution type

Insured Deposit Transfer — insured deposits transferred to another bank

FDIC DIF cost (est.)

$4M

Deposits at failure

$9M

Assets at failure

$9M

Acquiring bank

PIONEER BANK OF EVANSTON (EVANSTON, WY)