LAKELAND STATE BANK Failed 1988
What happened
LAKELAND STATE BANK of CAMDEN COUNTY, MO was closed on 1988-09-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMUNITY BANK OF THE OZ (SUNRISE BEACH, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1906
- FDIC Certificate
- 20087
- FDIC FIN
- 2913
- Bank name
- LAKELAND STATE BANK
- Location
- CAMDEN COUNTY, MO
- Failure date
- 1988-09-01
- FDIC resolution date
- 1988-09-01
- 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
- $9M
- Assets at failure
- $9M
- Acquiring bank
- COMMUNITY BANK OF THE OZ (SUNRISE BEACH, MO)