FIRST STATE SA Failed 1992
What happened
FIRST STATE SA of SEDALIA, MO was closed on 1992-04-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MERCANTILE BANK OF SEDALIA (SEDALIA, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3304
- FDIC Certificate
- 29584
- FDIC FIN
- 2212
- Bank name
- FIRST STATE SA
- Location
- SEDALIA, MO
- Failure date
- 1992-04-03
- FDIC resolution date
- 1992-04-03
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $164M
- Assets at failure
- $166M
- Acquiring bank
- MERCANTILE BANK OF SEDALIA (SEDALIA, MO)