THE RED RIVER BANK Failed 1990
What happened
THE RED RIVER BANK of RED RIVER, NM was closed on 1990-02-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTINEL BANK OF TAOS (TAOS, NM). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2667
- FDIC Certificate
- 24752
- FDIC FIN
- 4155
- Bank name
- THE RED RIVER BANK
- Location
- RED RIVER, NM
- Failure date
- 1990-02-23
- FDIC resolution date
- 1990-02-23
- 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.)
- $2M
- Deposits at failure
- $7M
- Assets at failure
- $7M
- Acquiring bank
- CENTINEL BANK OF TAOS (TAOS, NM)