Q BANK Failed 1998
What happened
Q BANK of FORT BENTON, MT was closed on 1998-08-07. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to HERITAGE STATE BANK (FORT BENTON, MT). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3515
- FDIC Certificate
- 2174
- FDIC FIN
- 4633
- Bank name
- Q BANK
- Location
- FORT BENTON, MT
- Failure date
- 1998-08-07
- FDIC resolution date
- 1998-08-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $14M
- Assets at failure
- $15M
- Acquiring bank
- HERITAGE STATE BANK (FORT BENTON, MT)