THE NATIONAL BANK OF WASHINGTON Failed 1990
What happened
THE NATIONAL BANK OF WASHINGTON of WASHINGTON, DC was closed on 1990-08-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THE RIGGS NATIONAL BANK OF (WASHINGTON, DC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2869
- FDIC Certificate
- 2092
- FDIC FIN
- 4257
- Bank name
- THE NATIONAL BANK OF WASHINGTON
- Location
- WASHINGTON, DC
- Failure date
- 1990-08-10
- FDIC resolution date
- 1990-08-10
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $224M
- Deposits at failure
- $1,268M
- Assets at failure
- $1,651M
- Acquiring bank
- THE RIGGS NATIONAL BANK OF (WASHINGTON, DC)