BANK OF QUITMAN Failed 1982
What happened
BANK OF QUITMAN of QUITMAN, AR was closed on 1982-11-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF CLEBURNE COU (HEBER SPRINGS, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 727
- FDIC Certificate
- 12527
- FDIC FIN
- 2330
- Bank name
- BANK OF QUITMAN
- Location
- QUITMAN, AR
- Failure date
- 1982-11-12
- FDIC resolution date
- 1982-11-12
- 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.)
- $1M
- Deposits at failure
- $16M
- Assets at failure
- $17M
- Acquiring bank
- FIRST NB OF CLEBURNE COU (HEBER SPRINGS, AR)