OMNIBANK Failed 1998
What happened
OMNIBANK of RIVER ROUGE, MI was closed on 1998-04-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SHOREBANK, DETROIT (RIVER ROUGE, MI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3513
- FDIC Certificate
- 14758
- FDIC FIN
- 4631
- Bank name
- OMNIBANK
- Location
- RIVER ROUGE, MI
- Failure date
- 1998-04-09
- FDIC resolution date
- 1998-04-09
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $40M
- Assets at failure
- $42M
- Acquiring bank
- SHOREBANK, DETROIT (RIVER ROUGE, MI)