# EARLY SAVINGS BANK

> **Failed bank** · EARLY, IA · failed 1985-11-01 · State commercial bank, Federal Reserve member · FDIC cost $1M

## What happened

EARLY SAVINGS BANK of EARLY, IA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $12M
- **Assets at failure:** $13M
- **Acquiring bank:** CITIZENS 1ST NB STORM LA (STORM LAKE, IA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, EARLY SAVINGS BANK (FDIC ID 1091), failed 1985-11-01. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1091.

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