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Bank failure · WY

American National Bank of Riverton (Riverton, WY) — failed June 11, 1985

American National Bank of Riverton of Riverton, Wyoming was closed on June 11, 1985 and resolved through a purchase and assumption. First Wy Bank NA Riverto (WY) took over its insured deposits. At failure it held $37.9M in assets and $39.6M in deposits. The FDIC's estimated loss on the failure is $10.6M (27.9% of assets).

Closing date
June 11, 1985
FDIC certificate #
18551
Resolution
Purchase and assumption (failure)
Acquiring institution
First Wy Bank NA Riverto
Insurance fund
FDIC

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What happens when a bank fails