WILLIAMS SAVINGS BANK Failed 1986
What happened
WILLIAMS SAVINGS BANK of WILLIAMS, IA was closed on 1986-03-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to IOWA FALLS STATE BANK (IOWA FALLS, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1160
- FDIC Certificate
- 12667
- FDIC FIN
- 2541
- Bank name
- WILLIAMS SAVINGS BANK
- Location
- WILLIAMS, IA
- Failure date
- 1986-03-20
- FDIC resolution date
- 1986-03-20
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $12M
- Assets at failure
- $13M
- Acquiring bank
- IOWA FALLS STATE BANK (IOWA FALLS, IA)