FIRST LOWNDES BANK Failed 2010

FORT DEPOSIT, AL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FIRST LOWNDES BANK of FORT DEPOSIT, AL was closed on 2010-03-19. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST CITIZENS BANK (LUVERNE, AL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3767
FDIC Certificate
24957
FDIC FIN
10204
Bank name
FIRST LOWNDES BANK
Location
FORT DEPOSIT, AL
Failure date
2010-03-19
FDIC resolution date
2010-03-19
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.)
$12M
Deposits at failure
$131M
Assets at failure
$137M
Acquiring bank
FIRST CITIZENS BANK (LUVERNE, AL)