FIRST NATIONAL BANK OF TIPTON Failed 1986
What happened
FIRST NATIONAL BANK OF TIPTON of TIPTON, IA was closed on 1986-02-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CITIZENS SAVINGS BANK (ANAMOSA, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1145
- FDIC Certificate
- 16740
- FDIC FIN
- 2535
- Bank name
- FIRST NATIONAL BANK OF TIPTON
- Location
- TIPTON, IA
- Failure date
- 1986-02-14
- FDIC resolution date
- 1986-02-14
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $18M
- Assets at failure
- $18M
- Acquiring bank
- CITIZENS SAVINGS BANK (ANAMOSA, IA)
Other banks CITIZENS SAVINGS BANK acquired in FDIC resolutions