THE LONE ROCK BANK, N.A. Failed 1986
What happened
THE LONE ROCK BANK, N.A. of LONE ROCK, IA was closed on 1986-05-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SWEA CITY STATE BANK (SWEA CITY, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1202
- FDIC Certificate
- 25297
- FDIC FIN
- 2563
- Bank name
- THE LONE ROCK BANK, N.A.
- Location
- LONE ROCK, IA
- Failure date
- 1986-05-29
- FDIC resolution date
- 1986-05-29
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $7M
- Assets at failure
- $7M
- Acquiring bank
- SWEA CITY STATE BANK (SWEA CITY, IA)
Other banks SWEA CITY STATE BANK acquired in FDIC resolutions