MIDDLE PARK BANK Failed 1987
What happened
MIDDLE PARK BANK of GRANBY, CO was closed on 1987-11-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF KREMMLING (KREMMLING, CO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1551
- FDIC Certificate
- 16966
- FDIC FIN
- 2745
- Bank name
- MIDDLE PARK BANK
- Location
- GRANBY, CO
- Failure date
- 1987-11-10
- FDIC resolution date
- 1987-11-10
- 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.)
- $15M
- Deposits at failure
- $33M
- Assets at failure
- $35M
- Acquiring bank
- BANK OF KREMMLING (KREMMLING, CO)