THE VILLAGE BANK Failed 1988

GREAT FALLS, MT · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE VILLAGE BANK of GREAT FALLS, MT was closed on 1988-04-22. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to VILLAGE BANK OF GREAT FA (GREAT FALLS, MT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1735
FDIC Certificate
20327
FDIC FIN
2808
Bank name
THE VILLAGE BANK
Location
GREAT FALLS, MT
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.)
$1M
Deposits at failure
$19M
Assets at failure
$22M
Acquiring bank
VILLAGE BANK OF GREAT FA (GREAT FALLS, MT)