BANK OF FALKNER Failed 2000
What happened
BANK OF FALKNER of FALKNER, MS was closed on 2000-09-29. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to CITIZENS BANK & SAVINGS COM (RUSSELLVILLE, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3528
- FDIC Certificate
- 338
- FDIC FIN
- 4644
- Bank name
- BANK OF FALKNER
- Location
- FALKNER, MS
- Failure date
- 2000-09-29
- FDIC resolution date
- 2000-09-29
- 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.)
- $15M
- Deposits at failure
- $77M
- Assets at failure
- $85M
- Acquiring bank
- CITIZENS BANK & SAVINGS COM (RUSSELLVILLE, AL)