Bank failure · MO
Callao Community Bank (Callao, MO) — failed July 17, 1986
Callao Community Bank of Callao, Missouri was closed on July 17, 1986 and resolved through a purchase and assumption. Lafayette Cnty Bk Lexing (MO) took over its insured deposits. At failure it held $5.7M in assets and $5.7M in deposits. The FDIC's estimated loss on the failure is $1.0M (17.8% of assets).
- Closing date
- July 17, 1986
- FDIC certificate #
- 16969
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Lafayette Cnty Bk Lexing
- Insurance fund
- FDIC
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