Bank failure · WY
Stockmen'S Bank & Trust Company (Gillette, WY) — failed September 18, 1987
Stockmen'S Bank & Trust Company of Gillette, Wyoming was closed on September 18, 1987 and resolved through a insured deposit transfer. First Interstate Bk Gill (WY) took over its insured deposits. At failure it held $117.4M in assets and $111.9M in deposits. The FDIC's estimated loss on the failure is $41.1M (35.0% of assets).
- Closing date
- September 18, 1987
- FDIC certificate #
- 8720
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First Interstate Bk Gill
- Insurance fund
- FDIC
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