TellerScore

Bank failure · WY

First National Bank of Glenrock (Glenrock, WY) — failed July 23, 1985

First National Bank of Glenrock of Glenrock, Wyoming was closed on July 23, 1985 and resolved through a purchase and assumption. National Bank of Glenroc (WY) took over its insured deposits. At failure it held $18.7M in assets and $16.5M in deposits. The FDIC's estimated loss on the failure is $4.5M (23.9% of assets).

Closing date
July 23, 1985
FDIC certificate #
18928
Resolution
Purchase and assumption (failure)
Acquiring institution
National Bank of Glenroc
Insurance fund
FDIC

Other failures in 1985

What happens when a bank fails