Bank Failure
National State Bank of Metropolis
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Closed December 14, 2000 · Metropolis, IL · FDIC Cert #3815.
- Closing date
- December 14, 2000
- Headquarters
- Metropolis, IL
- FDIC Certificate
- 3815
- Total assets at closing
- $90.4M
- Total deposits at closing
- $71.3M
- Estimated loss to the insurance fund
- $2.7M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Banterra Bank
Context
On December 14, 2000, regulators closed National State Bank of Metropolis, headquartered in Metropolis, IL. At closing, the institution held approximately $90.4M in assets and $71.3M in deposits. The FDIC record names Banterra Bank as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $2.7M.
By assets at closing this is the 1267th largest of the 3,526 bank failures in the FDIC record, and the 2nd of 7 in 2000. It falls in the period the record labels Consolidation Calm (1996-2007), a period with 50 failures peaking at 11 in 2002.
Riegle-Neal interstate-banking era. Industry consolidated rapidly via merger; failure counts dropped to single digits per year.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did National State Bank of Metropolis fail?
National State Bank of Metropolis was closed by regulators on December 14, 2000.
Who acquired National State Bank of Metropolis?
The FDIC record names Banterra Bank as the acquiring institution in the resolution of National State Bank of Metropolis.
How big was National State Bank of Metropolis when it failed?
National State Bank of Metropolis had approximately $90.4M in total assets and $71.3M in deposits at the time of failure.
Other failures in 2000
| Date | Bank | Assets |
|---|---|---|
| Oct 13, 2000 | Bank of Honolulu | $63.9M |
| Sep 29, 2000 | Bank of Falkner | $85.5M |
| Jul 14, 2000 | Town & Country Bank of Almelund | $25.9M |
| Jun 2, 2000 | Monument National Bank | $7.9M |
| Mar 10, 2000 | Mutual Federal Savings Bank of Atlanta | $31.5M |
| Jan 14, 2000 | Hartford-Carlisle SB | $105.0M |
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