THE CORNING BANK Failed 1984

CORNING, AR · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE CORNING BANK of CORNING, AR was closed on 1984-06-15. The FDIC was named receiver.

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

Deposits were transferred to CORNING BANK (CORNING, AR). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
888
FDIC Certificate
5631
FDIC FIN
2396
Bank name
THE CORNING BANK
Location
CORNING, AR
Failure date
1984-06-15
FDIC resolution date
1984-06-15
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.)
$14M
Deposits at failure
$31M
Assets at failure
$32M
Acquiring bank
CORNING BANK (CORNING, AR)