COMMUNITY BANK Failed 1983
What happened
COMMUNITY BANK of HARTFORD, SD was closed on 1983-06-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to WESTERN BANK (SIOUX FALLS, SD). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 790
- FDIC Certificate
- 6066
- FDIC FIN
- 2352
- Bank name
- COMMUNITY BANK
- Location
- HARTFORD, SD
- Failure date
- 1983-06-17
- FDIC resolution date
- 1983-06-17
- 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.)
- $6M
- Deposits at failure
- $28M
- Assets at failure
- $32M
- Acquiring bank
- WESTERN BANK (SIOUX FALLS, SD)
Other banks WESTERN BANK acquired in FDIC resolutions