# URBANA SAVINGS BANK

> **Failed bank** · URBANA, IA · failed 1985-06-21 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

URBANA SAVINGS BANK of URBANA, IA was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $6M
- **Assets at failure:** $7M
- **Acquiring bank:** PEOPLES BANK&TRUST CO (CEDAR RAPIDS, IA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=URBANA%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, URBANA SAVINGS BANK (FDIC ID 1014), failed 1985-06-21. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1014.

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