Bank failure · MT

Q Bank (Fort Benton, MT) — failed August 7, 1998

Q Bank of Fort Benton, Montana was closed on August 7, 1998 and resolved through a purchase and assumption (insured deposits). Heritage State Bank (MT) took over its insured deposits. At failure it held $15.0M in assets and $13.9M in deposits. The FDIC's estimated loss on the failure is $1.6M (10.6% of assets).