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Bank failure · MO

First State Bank of Pattonsburg (Pattonburg, MO) — failed January 29, 1987

First State Bank of Pattonsburg of Pattonburg, Missouri was closed on January 29, 1987 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $5.9M in assets and $5.8M in deposits. The FDIC's estimated loss on the failure is $1.5M (25.3% of assets).

Closing date
January 29, 1987
FDIC certificate #
15143
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
FDIC

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What happens when a bank fails