Bank failure · MT
Deer Lodge Bank & Trust Company (Deer Lodge, MT) — failed April 9, 1987
Deer Lodge Bank & Trust Company of Deer Lodge, Montana was closed on April 9, 1987 and resolved through a purchase and assumption. Peoples Bk of Deer Lodge (MT) took over its insured deposits. At failure it held $15.2M in assets and $14.1M in deposits. The FDIC's estimated loss on the failure is $3.0M (19.5% of assets).
- Closing date
- April 9, 1987
- FDIC certificate #
- 8316
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples Bk of Deer Lodge
- Insurance fund
- FDIC
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