SECURITY BK & TR COMPANY Failed 1982
What happened
SECURITY BK & TR COMPANY of CAIRO, IL was closed on 1982-08-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST BANK&TRUST CO (CAIRO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 695
- FDIC Certificate
- 3774
- FDIC FIN
- 2319
- Bank name
- SECURITY BK & TR COMPANY
- Location
- CAIRO, IL
- Failure date
- 1982-08-27
- FDIC resolution date
- 1982-08-27
- 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.)
- $2M
- Deposits at failure
- $11M
- Assets at failure
- $12M
- Acquiring bank
- FIRST BANK&TRUST CO (CAIRO, IL)
Other banks FIRST BANK&TRUST CO acquired in FDIC resolutions