THE FIRST STATE BANK OF REGENT Failed 1990
What happened
THE FIRST STATE BANK OF REGENT of REGENT, ND was closed on 1990-02-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK (HETTINGER, ND). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2665
- FDIC Certificate
- 8949
- FDIC FIN
- 4154
- Bank name
- THE FIRST STATE BANK OF REGENT
- Location
- REGENT, ND
- Failure date
- 1990-02-22
- FDIC resolution date
- 1990-02-22
- 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.)
- $3M
- Deposits at failure
- $10M
- Assets at failure
- $10M
- Acquiring bank
- FIRST NATIONAL BANK (HETTINGER, ND)
Other banks FIRST NATIONAL BANK acquired in FDIC resolutions