THEODORE ROOSEVELT NATIONAL BANK Failed 1992

WASHINGTON, DC · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

THEODORE ROOSEVELT NATIONAL BANK of WASHINGTON, DC was closed on 1992-03-26. The FDIC was named receiver.

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

Deposits were transferred to INDUSTRIAL BANK OF WA (WASHINGTON, DC). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3297
FDIC Certificate
32762
FDIC FIN
4466
Bank name
THEODORE ROOSEVELT NATIONAL BANK
Location
WASHINGTON, DC
Failure date
1992-03-26
FDIC resolution date
1992-03-26
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$3M
Deposits at failure
$14M
Assets at failure
$14M
Acquiring bank
INDUSTRIAL BANK OF WA (WASHINGTON, DC)