COMMUNITY BANK OF THE OZARKS Failed 2012
What happened
COMMUNITY BANK OF THE OZARKS of SUNRISE, MO was closed on 2012-12-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF SULLIVAN (SULLIVAN, MO). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4033
- FDIC Certificate
- 27331
- FDIC FIN
- 10467
- Bank name
- COMMUNITY BANK OF THE OZARKS
- Location
- SUNRISE, MO
- Failure date
- 2012-12-14
- FDIC resolution date
- 2012-12-14
- 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.)
- $13M
- Deposits at failure
- $42M
- Assets at failure
- $43M
- Acquiring bank
- BANK OF SULLIVAN (SULLIVAN, MO)