URBANA SAVINGS BANK Failed 1985

URBANA, IA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

URBANA SAVINGS BANK of URBANA, IA was closed on 1985-06-21. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to PEOPLES BANK&TRUST CO (CEDAR RAPIDS, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1014
FDIC Certificate
13153
FDIC FIN
2473
Bank name
URBANA SAVINGS BANK
Location
URBANA, IA
Failure date
1985-06-21
FDIC resolution date
1985-06-21
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$6M
Assets at failure
$7M
Acquiring bank
PEOPLES BANK&TRUST CO (CEDAR RAPIDS, IA)