CROFTON STATE BANK Failed 1987
What happened
CROFTON STATE BANK of CROFTON, 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 FARMERS&MERCHANTS STB BL (BLOOMFIELD, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1566
- FDIC Certificate
- 16449
- FDIC FIN
- 2754
- Bank name
- CROFTON STATE BANK
- Location
- CROFTON, 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.)
- $2M
- Deposits at failure
- $11M
- Assets at failure
- $12M
- Acquiring bank
- FARMERS&MERCHANTS STB BL (BLOOMFIELD, NE)
Other banks FARMERS&MERCHANTS STB BL acquired in FDIC resolutions