VANTUS BANK Failed 2009
What happened
VANTUS BANK of SIOUX CITY, IA was closed on 2009-09-04. 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
- 3680
- FDIC Certificate
- 27732
- FDIC FIN
- 10116
- Bank name
- VANTUS BANK
- Location
- SIOUX CITY, IA
- Failure date
- 2009-09-04
- FDIC resolution date
- 2009-09-04
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $102M
- Deposits at failure
- $394M
- Assets at failure
- $504M
- Acquiring bank
- GREAT SOUTHERN BANK (SPRINGFIELD, MO)
Other banks GREAT SOUTHERN BANK acquired in FDIC resolutions