Bank failure · MI

National Bank and Trust Company of Travers (Traverse City, MI) — failed March 9, 1984

National Bank and Trust Company of Travers of Traverse City, Michigan was closed on March 9, 1984 and resolved through a purchase and assumption. Nbd Northwest Bank NA (MI) took over its insured deposits. At failure it held $104.0M in assets and $97.8M in deposits. The FDIC's estimated loss on the failure is $12.2M (11.7% of assets).