AUBURN SAVINGS BANK Failed 1985

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

What happened

AUBURN SAVINGS BANK of AUBURN, IA was closed on 1985-11-08. The FDIC was named receiver.

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

Deposits were transferred to CARROLL COUNTY STATE BAN (CARROLL, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1095
FDIC Certificate
14271
FDIC FIN
2512
Bank name
AUBURN SAVINGS BANK
Location
AUBURN, IA
Failure date
1985-11-08
FDIC resolution date
1985-11-08
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
$7M
Assets at failure
$7M
Acquiring bank
CARROLL COUNTY STATE BAN (CARROLL, IA)