K BANK Failed 2010
What happened
K BANK of RANDALLSTOWN, MD was closed on 2010-11-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MANUFACTURERS AND TRADERS TRUST COMPANY (BUFFALO, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3873
- FDIC Certificate
- 31263
- FDIC FIN
- 10308
- Bank name
- K BANK
- Location
- RANDALLSTOWN, MD
- Failure date
- 2010-11-05
- FDIC resolution date
- 2010-11-05
- 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.)
- $136M
- Deposits at failure
- $500M
- Assets at failure
- $538M
- Acquiring bank
- MANUFACTURERS AND TRADERS TRUST COMPANY (BUFFALO, NY)
Other banks MANUFACTURERS AND TRADERS TRUST COMPANY acquired in FDIC resolutions