Bank failure · ID

First Bank & Trust of Idaho (Malad City, ID) — failed May 9, 1986

First Bank & Trust of Idaho of Malad City, Idaho was closed on May 9, 1986 and resolved through a purchase and assumption. Idaho First National Ban (ID) took over its insured deposits. At failure it held $55.9M in assets and $51.9M in deposits. The FDIC's estimated loss on the failure is $17.2M (30.9% of assets).