TEAMBANK, N.A. Failed 2009
What happened
TEAMBANK, N.A. of PAOLA, KS was closed on 2009-03-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GREAT SOUTHERN BANK (SPRINGFIELD, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3611
- FDIC Certificate
- 4754
- FDIC FIN
- 10046
- Bank name
- TEAMBANK, N.A.
- Location
- PAOLA, KS
- Failure date
- 2009-03-20
- FDIC resolution date
- 2009-03-20
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $135M
- Deposits at failure
- $533M
- Assets at failure
- $670M
- Acquiring bank
- GREAT SOUTHERN BANK (SPRINGFIELD, MO)
Other banks GREAT SOUTHERN BANK acquired in FDIC resolutions