CEDAR BLUFF BANK Failed 1982
What happened
CEDAR BLUFF BANK of CEDAR BLUFF, AL was closed on 1982-11-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION STATE BANK (CEDAR BLUFF, AL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 724
- FDIC Certificate
- 9053
- FDIC FIN
- 2327
- Bank name
- CEDAR BLUFF BANK
- Location
- CEDAR BLUFF, AL
- Failure date
- 1982-11-02
- FDIC resolution date
- 1982-11-02
- 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
- $13M
- Assets at failure
- $14M
- Acquiring bank
- UNION STATE BANK (CEDAR BLUFF, AL)
Other banks UNION STATE BANK acquired in FDIC resolutions