COMMUNITY BK OF WASHTENAW Failed 1982

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

What happened

COMMUNITY BK OF WASHTENAW of YPSILANTAI, MI was closed on 1982-05-15. The FDIC was named receiver.

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

Deposits were transferred to MICHIGAN NB ANN ARBOR (ANN ARBOR, MI). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
667
FDIC Certificate
20794
FDIC FIN
2310
Bank name
COMMUNITY BK OF WASHTENAW
Location
YPSILANTAI, MI
Failure date
1982-05-15
FDIC resolution date
1982-05-15
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.)
$0M
Deposits at failure
$18M
Assets at failure
$20M
Acquiring bank
MICHIGAN NB ANN ARBOR (ANN ARBOR, MI)