CAPITOL S&LA Failed 1986
What happened
CAPITOL S&LA of MOUNT PLEASANT, IA was closed on 1986-02-21. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to MIDWEST FS&LA OF MINNEAPOLI (MINNEAPOLIS, MN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1152
- FDIC Certificate
- 29920
- FDIC FIN
- 7574
- Bank name
- CAPITOL S&LA
- Location
- MOUNT PLEASANT, IA
- Failure date
- 1986-02-21
- FDIC resolution date
- 1987-05-08
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $99M
- Deposits at failure
- $181M
- Assets at failure
- $192M
- Acquiring bank
- MIDWEST FS&LA OF MINNEAPOLI (MINNEAPOLIS, MN)
Other banks MIDWEST FS&LA OF MINNEAPOLI acquired in FDIC resolutions