FIRST SECURITY BANK OF ANACONDA Failed 1992

What happened

FIRST SECURITY BANK OF ANACONDA of ANACONDA, MT was closed on 1992-03-16. The FDIC was named receiver.

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

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

Key facts

FDIC ID

3290

FDIC Certificate

19801

FDIC FIN

4460

Bank name

FIRST SECURITY BANK OF ANACONDA

Location

ANACONDA, MT

Failure date

1992-03-16

FDIC resolution date

1992-03-16

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.)

$6M

Deposits at failure

$30M

Assets at failure

$32M

Acquiring bank

BANK OF MONTANA ANACONDA (ANACONDA, MT)