Bank failure · MO
Glasgow Savings Bank (Glasgow, MO) — failed July 13, 2012
Glasgow Savings Bank of Glasgow, Missouri was closed on July 13, 2012 and resolved through a purchase and assumption. Regional Missouri Bank (MO) took over its insured deposits. At failure it held $22.3M in assets and $21.8M in deposits. The FDIC's estimated loss on the failure is $1.4M (6.2% of assets).
- Closing date
- July 13, 2012
- FDIC certificate #
- 1056
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Regional Missouri Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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