FIRST STATE BANK Failed 1987
What happened
FIRST STATE BANK of OAKDALE, NE was closed on 1987-12-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST UNITED BANK (NELIGH, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1563
- FDIC Certificate
- 5450
- FDIC FIN
- 2756
- Bank name
- FIRST STATE BANK
- Location
- OAKDALE, NE
- Failure date
- 1987-12-03
- FDIC resolution date
- 1987-12-03
- 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.)
- $1M
- Deposits at failure
- $5M
- Assets at failure
- $6M
- Acquiring bank
- FIRST UNITED BANK (NELIGH, NE)