# FIRST NATIONAL BANK OF TIPTON

> **Failed bank** · TIPTON, IA · failed 1986-02-14 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

FIRST NATIONAL BANK OF TIPTON of TIPTON, IA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $18M
- **Assets at failure:** $18M
- **Acquiring bank:** CITIZENS SAVINGS BANK (ANAMOSA, IA)

## Other banks CITIZENS SAVINGS BANK has acquired in FDIC resolutions

- NEW ENGLAND SAVINGS BANK (NEW LONDON, CT) — failed 1993-05-21 — /failed-bank/3455
- COMMERCIAL STATE BANK (AFTON, IA) — failed 1985-03-08 — /failed-bank/966

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20NATIONAL%20BANK%20OF%20TIPTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF TIPTON (FDIC ID 1145), failed 1986-02-14. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1145.

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