THE FIRST NATIONAL BANK OF PRAIRIE CITY Failed 1986
What happened
THE FIRST NATIONAL BANK OF PRAIRIE CITY of PRAIRIE CITY, IA was closed on 1986-07-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY BANK (MARSHALLTOWN, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1237
- FDIC Certificate
- 4492
- FDIC FIN
- 2580
- Bank name
- THE FIRST NATIONAL BANK OF PRAIRIE CITY
- Location
- PRAIRIE CITY, IA
- Failure date
- 1986-07-24
- FDIC resolution date
- 1986-07-24
- 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
- $19M
- Assets at failure
- $19M
- Acquiring bank
- SECURITY BANK (MARSHALLTOWN, IA)
Other banks SECURITY BANK acquired in FDIC resolutions