SHERMAN COUNTY BANK Failed 2009
What happened
SHERMAN COUNTY BANK of LOUP CITY, NE was closed on 2009-02-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HERITAGE BANK (WOOD RIVER, NE). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3603
- FDIC Certificate
- 5431
- FDIC FIN
- 10039
- Bank name
- SHERMAN COUNTY BANK
- Location
- LOUP CITY, NE
- Failure date
- 2009-02-13
- FDIC resolution date
- 2009-02-13
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $43M
- Deposits at failure
- $91M
- Assets at failure
- $135M
- Acquiring bank
- HERITAGE BANK (WOOD RIVER, NE)
Other banks HERITAGE BANK acquired in FDIC resolutions