THE FIRST NAT BK OF DANVERS Failed 1983
What happened
THE FIRST NAT BK OF DANVERS of DANVERS, IL was closed on 1983-08-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST STATE BANK OF DANV (DANVERS, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 804
- FDIC Certificate
- 3643
- FDIC FIN
- 2357
- Bank name
- THE FIRST NAT BK OF DANVERS
- Location
- DANVERS, IL
- Failure date
- 1983-08-05
- FDIC resolution date
- 1983-08-05
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- FIRST STATE BANK OF DANV (DANVERS, IL)