CEDAR VALE STATE BANK Failed 1988
What happened
CEDAR VALE STATE BANK of CEDAR VALE, KS was closed on 1988-01-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHISHOLM TRAIL STATE BAN (WICHITA, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1605
- FDIC Certificate
- 19759
- FDIC FIN
- 2773
- Bank name
- CEDAR VALE STATE BANK
- Location
- CEDAR VALE, KS
- Failure date
- 1988-01-21
- FDIC resolution date
- 1988-01-21
- 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.)
- $3M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- CHISHOLM TRAIL STATE BAN (WICHITA, KS)