EARLY SAVINGS BANK Failed 1985

EARLY, IA · State commercial bank, Federal Reserve member · view on FDIC BankFind ↗

What happened

EARLY SAVINGS BANK of EARLY, IA was closed on 1985-11-01. The FDIC was named receiver.

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

Deposits were transferred to CITIZENS 1ST NB STORM LA (STORM LAKE, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1091
FDIC Certificate
10116
FDIC FIN
2510
Bank name
EARLY SAVINGS BANK
Location
EARLY, IA
Failure date
1985-11-01
FDIC resolution date
1985-11-01
Charter type
State commercial bank, Federal Reserve member
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$12M
Assets at failure
$13M
Acquiring bank
CITIZENS 1ST NB STORM LA (STORM LAKE, IA)