MINEOLA STATE BANK Failed 1985

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

What happened

MINEOLA STATE BANK of MINEOLA, IA was closed on 1985-08-06. The FDIC was named receiver.

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

Deposits were transferred to GLENWOOD STATE BANK (GLENWOOD, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1045
FDIC Certificate
14180
FDIC FIN
2489
Bank name
MINEOLA STATE BANK
Location
MINEOLA, IA
Failure date
1985-08-06
FDIC resolution date
1985-08-06
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.)
$0M
Deposits at failure
$5M
Assets at failure
$5M
Acquiring bank
GLENWOOD STATE BANK (GLENWOOD, IA)