Bank Failure
The Rushville National Bank
BankRegReports is independent of The Rushville National Bank and never asks for online banking logins or passwords.
Closed December 18, 1992 · Rushville, IN · FDIC Cert #4378.
- Closing date
- December 18, 1992
- Headquarters
- Rushville, IN
- FDIC Certificate
- 4378
- Total assets at closing
- $41.6M
- Total deposits at closing
- $39.7M
- Estimated loss to the insurance fund
- $6.0M
- Insurance fund
- Bank Insurance Fund (BIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Peoples Trust Co
Context
On December 18, 1992, regulators closed The Rushville National Bank, headquartered in Rushville, IN. At closing, the institution held approximately $41.6M in assets and $39.7M in deposits. The FDIC record names Peoples Trust Co as the acquiring institution in the resolution. The estimated cost to the Bank Insurance Fund (BIF) was approximately $6.0M.
By assets at closing this is the 1785th largest of the 3,526 bank failures in the FDIC record, and the 127th of 179 in 1992. 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 The Rushville National Bank fail?
The Rushville National Bank was closed by regulators on December 18, 1992.
Who acquired The Rushville National Bank?
The FDIC record names Peoples Trust Co as the acquiring institution in the resolution of The Rushville National Bank.
How big was The Rushville National Bank when it failed?
The Rushville National Bank had approximately $41.6M in total assets and $39.7M in deposits at the time of failure.
Other failures in 1992
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 1992 | The Bremen State Bank | $2.7M |
| Dec 11, 1992 | Meritor Savings Bank | $4.13B |
| Dec 11, 1992 | Eastland Savings Bank | $515.3M |
| Dec 11, 1992 | Eastland Bank | $85.4M |
| Dec 11, 1992 | Sailors & Merchants B&T Co. | $34.8M |
| Dec 8, 1992 | Palm Beach FSA | $59.4M |
| Dec 4, 1992 | Carteret FSB | $4.83B |
| Dec 4, 1992 | Second National, FSB | $1.57B |
Explore: all failures · IN bank events · 1992 events · events hub