Bank Failure
Callao Community Bank
BankRegReports is independent of Callao Community Bank and never asks for online banking logins or passwords.
Closed July 17, 1986 · Callao, MO · FDIC Cert #16969.
- Closing date
- July 17, 1986
- Headquarters
- Callao, MO
- FDIC Certificate
- 16969
- Total assets at closing
- $5.7M
- Total deposits at closing
- $5.7M
- Estimated loss to the insurance fund
- $1.0M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Lafayette CNTY BK Lexing
Context
On July 17, 1986, regulators closed Callao Community Bank, headquartered in Callao, MO. At closing, the institution held approximately $5.7M in assets and $5.7M in deposits. The FDIC record names Lafayette CNTY BK Lexing as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $1.0M.
By assets at closing this is the 2969th largest of the 3,526 bank failures in the FDIC record, and the 156th of 162 in 1986. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Callao Community Bank fail?
Callao Community Bank was closed by regulators on July 17, 1986.
Who acquired Callao Community Bank?
The FDIC record names Lafayette CNTY BK Lexing as the acquiring institution in the resolution of Callao Community Bank.
How big was Callao Community Bank when it failed?
Callao Community Bank had approximately $5.7M in total assets and $5.7M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
Explore: all failures · MO bank events · 1986 events · events hub