FIRST NATIONAL BANK OF CROSBY Failed 1990
What happened
FIRST NATIONAL BANK OF CROSBY of CROSBY, ND was closed on 1990-09-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NATIONAL BANK & TRUST (WILLISTON, ND). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2897
- FDIC Certificate
- 22505
- FDIC FIN
- 4273
- Bank name
- FIRST NATIONAL BANK OF CROSBY
- Location
- CROSBY, ND
- Failure date
- 1990-09-13
- FDIC resolution date
- 1990-09-13
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- FIRST NATIONAL BANK & TRUST (WILLISTON, ND)