Bank Failure
Douglass National Bank
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Closed January 25, 2008 · Kansas City, MO · FDIC Cert #24660.
- Closing date
- January 25, 2008
- Headquarters
- Kansas City, MO
- FDIC Certificate
- 24660
- Total assets at closing
- $52.8M
- Total deposits at closing
- $50.2M
- Estimated loss to the insurance fund
- $7.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Liberty Bank and Trust Company
Context
On January 25, 2008, regulators closed Douglass National Bank, headquartered in Kansas City, MO. At closing, the institution held approximately $52.8M in assets and $50.2M in deposits. The FDIC record names Liberty Bank and Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $7.2M.
By assets at closing this is the 1609th largest of the 3,526 bank failures in the FDIC record, and the 22nd of 25 in 2008. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Douglass National Bank fail?
Douglass National Bank was closed by regulators on January 25, 2008.
Who acquired Douglass National Bank?
The FDIC record names Liberty Bank and Trust Company as the acquiring institution in the resolution of Douglass National Bank.
How big was Douglass National Bank when it failed?
Douglass National Bank had approximately $52.8M in total assets and $50.2M in deposits at the time of failure.
Other failures in 2008
| Date | Bank | Assets |
|---|---|---|
| Dec 12, 2008 | Haven Trust Bank | $559.6M |
| Dec 12, 2008 | Sanderson State Bank | $38.2M |
| Dec 5, 2008 | First Georgia Community Bank | $256.4M |
| Nov 21, 2008 | Downey Savings and Loan Association, F.A. | $12.78B |
| Nov 21, 2008 | PFF Bank & Trust | $3.72B |
| Nov 21, 2008 | The Community Bank | $634.9M |
| Nov 7, 2008 | Franklin Bank, SSB | $5.09B |
| Nov 7, 2008 | Security Pacific Bank | $528.0M |
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