LIBERTY BANK & TRUST COMPANY Failed 1988

WARSAW, IN · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

LIBERTY BANK & TRUST COMPANY of WARSAW, IN was closed on 1988-10-03. The FDIC was named receiver.

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

Deposits were transferred to TRUSTCORP BANK GOSHEN (GOSHEN, IN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1947
FDIC Certificate
8040
FDIC FIN
2925
Bank name
LIBERTY BANK & TRUST COMPANY
Location
WARSAW, IN
Failure date
1988-10-03
FDIC resolution date
1988-10-03
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.)
$8M
Deposits at failure
$46M
Assets at failure
$49M
Acquiring bank
TRUSTCORP BANK GOSHEN (GOSHEN, IN)