Bank failure · MT
Treasure State Bank (Glasgow, MT) — failed June 9, 1989
Treasure State Bank of Glasgow, Montana was closed on June 9, 1989 and resolved through a purchase and assumption. Valley Bank of Glasgow (MT) took over its insured deposits. At failure it held $14.6M in assets and $13.2M in deposits. The FDIC's estimated loss on the failure is $2.6M (17.7% of assets).
- Closing date
- June 9, 1989
- FDIC certificate #
- 22612
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Valley Bank of Glasgow
- Insurance fund
- FDIC
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