NATIONAL STATE BANK OF METROPOLIS Failed 2000

What happened

NATIONAL STATE BANK OF METROPOLIS of METROPOLIS, IL was closed on 2000-12-14. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to BANTERRA BANK (MARION, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3530

FDIC Certificate

3815

FDIC FIN

4646

Bank name

NATIONAL STATE BANK OF METROPOLIS

Location

METROPOLIS, IL

Failure date

2000-12-14

FDIC resolution date

2000-12-14

Charter type

National commercial bank (OCC-chartered)

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$3M

Deposits at failure

$71M

Assets at failure

$90M

Acquiring bank

BANTERRA BANK (MARION, IL)