TREASURE STATE BANK Failed 1989

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

What happened

TREASURE STATE BANK of GLASGOW, MT was closed on 1989-06-09. The FDIC was named receiver.

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

Deposits were transferred to VALLEY BANK OF GLASGOW (GLASGOW, MT). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2386
FDIC Certificate
22612
FDIC FIN
4025
Bank name
TREASURE STATE BANK
Location
GLASGOW, MT
Failure date
1989-06-09
FDIC resolution date
1989-06-09
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.)
$3M
Deposits at failure
$13M
Assets at failure
$15M
Acquiring bank
VALLEY BANK OF GLASGOW (GLASGOW, MT)