ALLIED BANK Failed 2016
What happened
ALLIED BANK of MULBERRY, AR was closed on 2016-09-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to TODAY'S BANK (HUNTSVILLE, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4088
- FDIC Certificate
- 91
- FDIC FIN
- 10522
- Bank name
- ALLIED BANK
- Location
- MULBERRY, AR
- Failure date
- 2016-09-23
- FDIC resolution date
- 2016-09-23
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $65M
- Assets at failure
- $66M
- Acquiring bank
- TODAY'S BANK (HUNTSVILLE, AR)