SINCLAIR NATIONAL BANK Failed 2001

What happened

SINCLAIR NATIONAL BANK of GRAVETTE, AR was closed on 2001-09-07. The FDIC was named receiver.

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

Deposits were transferred to DELTA TRUST & BANK (PARKDALE, AR). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3534

FDIC Certificate

34248

FDIC FIN

4649

Bank name

SINCLAIR NATIONAL BANK

Location

GRAVETTE, AR

Failure date

2001-09-07

FDIC resolution date

2001-09-07

Charter type

National commercial bank (OCC-chartered)

Resolution type

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

FDIC DIF cost (est.)

$4M

Deposits at failure

$26M

Assets at failure

$30M

Acquiring bank

DELTA TRUST & BANK (PARKDALE, AR)