JENNINGS BANK Failed 1988
What happened
JENNINGS BANK of JENNINGS, KS was closed on 1988-04-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF OBERLIN (OBERLIN, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1666
- FDIC Certificate
- 22188
- FDIC FIN
- 2805
- Bank name
- JENNINGS BANK
- Location
- JENNINGS, KS
- Failure date
- 1988-04-14
- FDIC resolution date
- 1988-04-14
- 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
- $7M
- Assets at failure
- $7M
- Acquiring bank
- BANK OF OBERLIN (OBERLIN, KS)
Other banks BANK OF OBERLIN acquired in FDIC resolutions