NATIONAL BANK AND TRUST COMPANY OF TRAVERS Failed 1984

What happened

NATIONAL BANK AND TRUST COMPANY OF TRAVERS of TRAVERSE CITY, MI was closed on 1984-03-09. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to NBD NORTHWEST BANK NA (TRAVERSE CITY, MI). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

855

FDIC Certificate

14598

FDIC FIN

2378

Bank name

NATIONAL BANK AND TRUST COMPANY OF TRAVERS

Location

TRAVERSE CITY, MI

Failure date

1984-03-09

FDIC resolution date

1984-03-09

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$12M

Deposits at failure

$98M

Assets at failure

$104M

Acquiring bank

NBD NORTHWEST BANK NA (TRAVERSE CITY, MI)