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Bank failure · MO

Community Bank of the Ozarks (Sunrise, MO) — failed December 14, 2012

Community Bank of the Ozarks of Sunrise, Missouri was closed on December 14, 2012 and resolved through a purchase and assumption. Bank of Sullivan (MO) took over its insured deposits. At failure it held $42.8M in assets and $41.9M in deposits. The FDIC's estimated loss on the failure is $13.4M (31.3% of assets).

Closing date
December 14, 2012
FDIC certificate #
27331
Resolution
Purchase and assumption (failure)
Acquiring institution
Bank of Sullivan
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails