UNITY BANK Failed 1988
What happened
UNITY BANK of DAYTON, OH was closed on 1988-04-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK (DAYTON, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1734
- FDIC Certificate
- 20229
- FDIC FIN
- 2809
- Bank name
- UNITY BANK
- Location
- DAYTON, OH
- Failure date
- 1988-04-22
- FDIC resolution date
- 1988-04-22
- 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
- $7M
- Assets at failure
- $7M
- Acquiring bank
- FIRST NATIONAL BANK (DAYTON, OH)
Other banks FIRST NATIONAL BANK acquired in FDIC resolutions