THE FIRST NATIONAL BANK OF OLATHE Failed 2011
What happened
THE FIRST NATIONAL BANK OF OLATHE of OLATHE, KS was closed on 2011-08-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ENTERPRISE BANK & TRUST (CLAYTON, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3954
- FDIC Certificate
- 4744
- FDIC FIN
- 10388
- Bank name
- THE FIRST NATIONAL BANK OF OLATHE
- Location
- OLATHE, KS
- Failure date
- 2011-08-12
- FDIC resolution date
- 2011-08-12
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $103M
- Deposits at failure
- $524M
- Assets at failure
- $538M
- Acquiring bank
- ENTERPRISE BANK & TRUST (CLAYTON, MO)
Other banks ENTERPRISE BANK & TRUST acquired in FDIC resolutions