TellerScore

Bank failure · MO

Douglass National Bank (Kansas City, MO) — failed January 25, 2008

Douglass National Bank of Kansas City, Missouri was closed on January 25, 2008 and resolved through a purchase and assumption. Liberty Bank and Trust Company (LA) took over its insured deposits. At failure it held $52.8M in assets and $50.3M in deposits. The FDIC's estimated loss on the failure is $7.2M (13.5% of assets).

Closing date
January 25, 2008
FDIC certificate #
24660
Resolution
Purchase and assumption (failure)
Acquiring institution
Liberty Bank and Trust Company
Insurance fund
DIF
Pre-failure filings
Last reported financials

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What happens when a bank fails