Mercantile Bank of Clay County

Mercantile Bank of Clay County Overview

Mercantile Bank of Clay County, founded in September 1, 1927, is currently an active FDIC insured bank. The chartering agency for Mercantile Bank of Clay County is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Mercantile Bank of Clay County has an FDIC insurance membership with the BIF – Bank Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).

Mercantile Bank of Clay County is assigned uner the Kansas City Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on January 01, 1934.

Address Location and Maps for Mercantile Bank of Clay County

Bank Name Mercantile Bank of Clay County FDIC Bank Location for Mercantile Bank of Clay County
Address 126 Grand Avenue
Spencer, IA 51301
County: Clay
Bank’s State: Iowa
Website: Unknown

 

Mercantile Bank of Clay County Detailed Information

FDIC Certificate ID 4508
Bank Institution Name Mercantile Bank of Clay County
Is the Bank Active? Active
Office of Thrift Supervision Docket ID 10878
Total Assets $48,963,000
Total Deposits $41,562,000
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 Kansas City
Insured Savings Institution No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Clay
Office of Thrift Supervision Region Western
Assigned Federal Reserve District Kansas City
Oakar Institutions No
FDIC Field Office 0
Insured offices of foreign banks 0

Mercantile Bank of Clay County is insured by the Federal Deposit Insurance Corporation (FDIC)

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