ANCHOR SA Failed 1989
What happened
ANCHOR SA of KANSAS CITY, KS was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK IV KANSAS CITY, NA (OLATHE, KS). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2108
- FDIC Certificate
- 27845
- FDIC FIN
- 7084
- Bank name
- ANCHOR SA
- Location
- KANSAS CITY, KS
- Failure date
- 1989-02-17
- FDIC resolution date
- 1990-06-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $133M
- Deposits at failure
- $597M
- Assets at failure
- $834M
- Acquiring bank
- BANK IV KANSAS CITY, NA (OLATHE, KS)