TOWN & COUNTRY BANK OF ALMELUND Failed 2000
What happened
TOWN & COUNTRY BANK OF ALMELUND of ALMELUND, MN was closed on 2000-07-14. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to S&C BANK, MINNESOTA (ALMELUND, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3527
- FDIC Certificate
- 10985
- FDIC FIN
- 4643
- Bank name
- TOWN & COUNTRY BANK OF ALMELUND
- Location
- ALMELUND, MN
- Failure date
- 2000-07-14
- FDIC resolution date
- 2000-07-14
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $27M
- Assets at failure
- $26M
- Acquiring bank
- S&C BANK, MINNESOTA (ALMELUND, MN)
- FDIC comments
- OBA = 0 per R Bennett 03/14/2012