DOUGLASS NATIONAL BANK Failed 2008
What happened
DOUGLASS NATIONAL BANK of KANSAS CITY, MO was closed on 2008-01-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LIBERTY BANK AND TRUST COMPANY (NEW ORLEANS, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3556
- FDIC Certificate
- 24660
- FDIC FIN
- 10003
- Bank name
- DOUGLASS NATIONAL BANK
- Location
- KANSAS CITY, MO
- Failure date
- 2008-01-25
- FDIC resolution date
- 2008-01-25
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $50M
- Assets at failure
- $53M
- Acquiring bank
- LIBERTY BANK AND TRUST COMPANY (NEW ORLEANS, LA)
- FDIC comments
- OBA=0 per R Bennett 03/14/2012
Other banks LIBERTY BANK AND TRUST COMPANY acquired in FDIC resolutions