Bank failure · MT
Clarks Fork National Bank (Fromberg, MT) — failed March 19, 1987
Clarks Fork National Bank of Fromberg, Montana was closed on March 19, 1987 and resolved through a purchase and assumption. Yellowstone Bank (MT) took over its insured deposits. At failure it held $8.4M in assets and $8.2M in deposits. The FDIC's estimated loss on the failure is $1.2M (14.2% of assets).
- Closing date
- March 19, 1987
- FDIC certificate #
- 1108
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Yellowstone Bank
- Insurance fund
- FDIC
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