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Home > Industry Analysis > Failed Banks > Bank Failures & Assistance




Bank Failures & Assistance

1998

BIF = Bank Insurance Fund
SAIF = Savings Association Insurance Fund

April 9 (BIF)
Omnibank, River Rouge, Michigan, with total deposits of $39.9 million and total assets of $42.2 million. All deposits and $41.8 million in assets assumed by the newly chartered ShoreBank, Detroit, Detroit, Michigan (PR-24-98).

August 7 (BIF)
Q Bank, Fort Benton, Montana, with total deposits of $13.6 million and total assets of $15.1 million. The insured deposits of $12.3 million and $2.5 million in assets assumed by the newly chartered Heritage State Bank, Fort Benton (PR-54-98).

July 23 (BIF)
BestBank, Boulder, Colorado, with total deposits of $284.5 million and total assets of $314.1 million. The insured deposits of $225.3 million and $47.2 million in assets assumed by The Pueblo Bank and Trust Company, Pueblo, Colorado (PR-49-98 & PR-50-98).

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Last Updated 01/25/2008 Customer Service

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