GLASGOW SAVINGS BANK Failed 2012

GLASGOW, MO · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

GLASGOW SAVINGS BANK of GLASGOW, MO was closed on 2012-07-13. The FDIC was named receiver.

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

Deposits were transferred to REGIONAL MISSOURI BANK (MARCELINE, MO). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4015
FDIC Certificate
1056
FDIC FIN
10449
Bank name
GLASGOW SAVINGS BANK
Location
GLASGOW, MO
Failure date
2012-07-13
FDIC resolution date
2012-07-13
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.)
$1M
Deposits at failure
$22M
Assets at failure
$22M
Acquiring bank
REGIONAL MISSOURI BANK (MARCELINE, MO)