FMB-Sault Bank

FMB-Sault Bank Overview

FMB-Sault Bank, founded in November 20, 1886, is currently an active FDIC insured bank. The chartering agency for FMB-Sault Bank is currently with the State. This FDIC insured bank is not being operated by government conservatorship. FMB-Sault Bank has an FDIC insurance membership with the BIF – Bank Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).

FMB-Sault Bank is assigned uner the Chicago Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on January 01, 1934.

Address Location and Maps for FMB-Sault Bank

Bank Name FMB-Sault Bank FDIC Bank Location for FMB-Sault Bank
Address 511-515 Ashmun Street
Sault Ste. Marie, MI 49783
County: Chippewa
Bank’s State: Michigan
Website: Unknown


FMB-Sault Bank Detailed Information

FDIC Certificate ID 1096
Bank Institution Name FMB-Sault Bank
Is the Bank Active? Active
Office of Thrift Supervision Docket ID 9721
Total Assets $135,385,000
Total Deposits $116,355,000
Regulator Federal Deposit Insurance Corporation (FDIC)
Bank Charter Class NM – Commercial Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State charter and Fed non-member
FDIC Bank’s Chartering Agency State
Bank is FDIC Insured Yes, FDIC insured bank is a member of the Bank Insurance Fund
Bank Insurance Fund BIF – Bank Insurance Fund
Date of Deposit Insurance January 01, 1934
Change Code 223
Change Code Description Merger – FDIC Insured Bank Without Assistance
OCC Bank Charter Number No FDIC Bank Charter Number
Conservatorship FDIC insured bank is not being operated by government conservatorship.
Inactive Bank that used to be FDIC insured? Yes
Credit Card Institution No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold.
Insured Commercial Banks Yes
FDIC Supervisory Region Chicago
Insured Savings Institution No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Chippewa
Office of Thrift Supervision Region Central
Assigned Federal Reserve District Chicago
Oakar Institutions No
FDIC Field Office 0
Insured offices of foreign banks 0

FMB-Sault Bank is insured by the Federal Deposit Insurance Corporation (FDIC)

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