WESTBRIDGE BANK AND TRUST COMPANY Failed 2010
What happened
WESTBRIDGE BANK AND TRUST COMPANY of CHESTERFIELD, MO was closed on 2010-10-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MIDLAND STATES BANK (EFFINGHAM, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3865
- FDIC Certificate
- 58205
- FDIC FIN
- 10299
- Bank name
- WESTBRIDGE BANK AND TRUST COMPANY
- Location
- CHESTERFIELD, MO
- Failure date
- 2010-10-15
- FDIC resolution date
- 2010-10-15
- 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.)
- $22M
- Deposits at failure
- $70M
- Assets at failure
- $88M
- Acquiring bank
- MIDLAND STATES BANK (EFFINGHAM, IL)
Other banks MIDLAND STATES BANK acquired in FDIC resolutions