Bank failure · MT
United Bank (Libby, MT) — failed May 14, 1987
United Bank of Libby, Montana was closed on May 14, 1987 and resolved through a purchase and assumption. First National Bank in L (MT) took over its insured deposits. At failure it held $15.4M in assets and $14.4M in deposits. The FDIC's estimated loss on the failure is $1.7M (11.2% of assets).
- Closing date
- May 14, 1987
- FDIC certificate #
- 19324
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First National Bank in L
- Insurance fund
- FDIC
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