RESOLUTE BANK Failed 2019
What happened
RESOLUTE BANK of MAUMEE, OH was closed on 2019-10-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BUCKEYE STATE BANK (POWELL, OH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4099
- FDIC Certificate
- 58317
- FDIC FIN
- 10533
- Bank name
- RESOLUTE BANK
- Location
- MAUMEE, OH
- Failure date
- 2019-10-25
- FDIC resolution date
- 2019-10-25
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $23M
- Assets at failure
- $23M
- Acquiring bank
- BUCKEYE STATE BANK (POWELL, OH)