EXCEL BANK Failed 2012
What happened
EXCEL BANK of SEDALIA, MO was closed on 2012-10-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SIMMONS FIRST NATIONAL BANK (PINE BLUFF, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4026
- FDIC Certificate
- 19189
- FDIC FIN
- 10460
- Bank name
- EXCEL BANK
- Location
- SEDALIA, MO
- Failure date
- 2012-10-19
- FDIC resolution date
- 2012-10-19
- 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.)
- $30M
- Deposits at failure
- $174M
- Assets at failure
- $186M
- Acquiring bank
- SIMMONS FIRST NATIONAL BANK (PINE BLUFF, AR)
Other banks SIMMONS FIRST NATIONAL BANK acquired in FDIC resolutions