MONUMENT NATIONAL BANK Failed 2000
What happened
MONUMENT NATIONAL BANK of RIDGECREST, CA was closed on 2000-06-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ISRAEL DISCOUNT BANK OF NEW (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3526
- FDIC Certificate
- 25056
- FDIC FIN
- 4642
- Bank name
- MONUMENT NATIONAL BANK
- Location
- RIDGECREST, CA
- Failure date
- 2000-06-02
- FDIC resolution date
- 2000-06-02
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $8M
- Assets at failure
- $8M
- Acquiring bank
- ISRAEL DISCOUNT BANK OF NEW (NEW YORK, NY)
Other banks ISRAEL DISCOUNT BANK OF NEW acquired in FDIC resolutions