Bank failure · MO

Linn County Bank (Linneus, MO) — failed July 19, 1985

Linn County Bank of Linneus, Missouri was closed on July 19, 1985 and resolved through a purchase and assumption. United Mo Bank of Linn C (MO) took over its insured deposits. At failure it held $5.4M in assets and $5.3M in deposits. The FDIC's estimated loss on the failure is $2.2M (41.1% of assets).