BC NATIONAL BANKS Failed 2010

What happened

BC NATIONAL BANKS of BUTLER, MO was closed on 2010-04-30. The FDIC was named receiver.

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

Deposits were transferred to COMMUNITY FIRST BANK (BUTLER, MO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3791

FDIC Certificate

17792

FDIC FIN

10225

Bank name

BC NATIONAL BANKS

Location

BUTLER, MO

Failure date

2010-04-30

FDIC resolution date

2010-04-30

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$9M

Deposits at failure

$44M

Assets at failure

$52M

Acquiring bank

COMMUNITY FIRST BANK (BUTLER, MO)