Bank Failure
Linn County Bank
BankRegReports is independent of Linn County Bank and never asks for online banking logins or passwords.
Closed July 19, 1985 · Linneus, MO · FDIC Cert #10625.
- Closing date
- July 19, 1985
- Headquarters
- Linneus, MO
- FDIC Certificate
- 10625
- Total assets at closing
- $5.4M
- Total deposits at closing
- $5.3M
- Estimated loss to the insurance fund
- $2.2M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Mo Bank of Linn C
Context
On July 19, 1985, regulators closed Linn County Bank, headquartered in Linneus, MO. At closing, the institution held approximately $5.4M in assets and $5.3M in deposits. The FDIC record names United Mo Bank of Linn C as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $2.2M.
By assets at closing this is the 2977th largest of the 3,526 bank failures in the FDIC record, and the 123rd of 139 in 1985. 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 Linn County Bank fail?
Linn County Bank was closed by regulators on July 19, 1985.
Who acquired Linn County Bank?
The FDIC record names United Mo Bank of Linn C as the acquiring institution in the resolution of Linn County Bank.
How big was Linn County Bank when it failed?
Linn County Bank had approximately $5.4M in total assets and $5.3M in deposits at the time of failure.
Other failures in 1985
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1985 | First City Bank | $35.8M |
| Dec 20, 1985 | State Bank of Frost | $7.7M |
| Dec 19, 1985 | Princeton State Bank | $18.4M |
| Dec 19, 1985 | Farmers State Bank | $12.5M |
| Dec 19, 1985 | Bank of Panama | $4.4M |
| Dec 19, 1985 | Farmers & Merchants Bank | $3.3M |
| Dec 13, 1985 | The First National Bank in Lincoln County | $32.0M |
| Dec 13, 1985 | Lake National Bank | $19.8M |
Explore: all failures · MO bank events · 1985 events · events hub