FIRST EXCHANGE BANK OF CAPE GIRARDEAU Failed 1992
What happened
FIRST EXCHANGE BANK OF CAPE GIRARDEAU of CAPE GIRARDEAU, 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 COMMERCE BK POPLAR BLUFF (POPLAR BLUFF, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3321
- FDIC Certificate
- 24863
- FDIC FIN
- 4484
- Bank name
- FIRST EXCHANGE BANK OF CAPE GIRARDEAU
- Location
- CAPE GIRARDEAU, 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.)
- $10M
- Deposits at failure
- $87M
- Assets at failure
- $84M
- Acquiring bank
- COMMERCE BK POPLAR BLUFF (POPLAR BLUFF, MO)