JACKSON EXCHANGE BANK & TRUST CO Failed 1992
What happened
JACKSON EXCHANGE BANK & TRUST CO of JACKSON, MO was closed on 1992-05-07. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to BOATMENS NB CAPE GIRARDE (CAPE GIRARDEAU, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3319
- FDIC Certificate
- 9380
- FDIC FIN
- 4487
- Bank name
- JACKSON EXCHANGE BANK & TRUST CO
- Location
- JACKSON, MO
- Failure date
- 1992-05-07
- FDIC resolution date
- 1992-05-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $128M
- Assets at failure
- $123M
- Acquiring bank
- BOATMENS NB CAPE GIRARDE (CAPE GIRARDEAU, MO)