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Bank failure · WY

American National Bank of Evanston (Evanston, WY) — failed August 20, 1987

American National Bank of Evanston of Evanston, Wyoming was closed on August 20, 1987 and resolved through a insured deposit transfer. Pioneer Bank of Evanston (WY) took over its insured deposits. At failure it held $9.1M in assets and $8.9M in deposits. The FDIC's estimated loss on the failure is $4.0M (44.5% of assets).

Closing date
August 20, 1987
FDIC certificate #
25742
Resolution
Insured deposit transfer (failure)
Acquiring institution
Pioneer Bank of Evanston
Insurance fund
FDIC

Other failures in 1987

What happens when a bank fails