Bank failure · MO

Albany State Bank (Albany, MO) — failed August 28, 1986

Albany State Bank of Albany, Missouri was closed on August 28, 1986 and resolved through a purchase and assumption. United Mo Bank of St Jos (MO) took over its insured deposits. At failure it held $4.7M in assets and $4.9M in deposits. The FDIC's estimated loss on the failure is $2.1M (45.3% of assets).