Bank Failure
Deer Lodge Bank & Trust Company
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Closed April 9, 1987 · Deer Lodge, MT · FDIC Cert #8316.
- Closing date
- April 9, 1987
- Headquarters
- Deer Lodge, MT
- FDIC Certificate
- 8316
- Total assets at closing
- $15.2M
- Total deposits at closing
- $14.1M
- Estimated loss to the insurance fund
- $3.0M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Peoples BK of Deer Lodge
Context
On April 9, 1987, regulators closed Deer Lodge Bank & Trust Company, headquartered in Deer Lodge, MT. At closing, the institution held approximately $15.2M in assets and $14.1M in deposits. The FDIC record names Peoples BK of Deer Lodge as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $3.0M.
By assets at closing this is the 2534th largest of the 3,526 bank failures in the FDIC record, and the 136th of 217 in 1987. 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 Deer Lodge Bank & Trust Company fail?
Deer Lodge Bank & Trust Company was closed by regulators on April 9, 1987.
Who acquired Deer Lodge Bank & Trust Company?
The FDIC record names Peoples BK of Deer Lodge as the acquiring institution in the resolution of Deer Lodge Bank & Trust Company.
How big was Deer Lodge Bank & Trust Company when it failed?
Deer Lodge Bank & Trust Company had approximately $15.2M in total assets and $14.1M in deposits at the time of failure.
Other failures in 1987
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1987 | First State Bank at Shoshoni | $4.6M |
| Dec 17, 1987 | Usbank | $86.0M |
| Dec 17, 1987 | Bank of Mabank | $43.8M |
| Dec 17, 1987 | American Bank of Commerce | $35.5M |
| Dec 11, 1987 | First Interstate Bank of Alaska | $367.7M |
| Dec 11, 1987 | Lewis and Clark State Bank | $20.3M |
| Dec 10, 1987 | Heritage National Bank | $53.2M |
| Dec 10, 1987 | Bancfirst-Austin, N.A. | $25.3M |
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