GRAETTINGER STATE BANK Failed 1986
What happened
GRAETTINGER STATE BANK of GRAETTINGER, IA was closed on 1986-08-07. 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
- 1251
- FDIC Certificate
- 18377
- FDIC FIN
- 2588
- Bank name
- GRAETTINGER STATE BANK
- Location
- GRAETTINGER, IA
- Failure date
- 1986-08-07
- FDIC resolution date
- 1986-08-07
- 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.)
- $1M
- Deposits at failure
- $11M
- Assets at failure
- $12M
- Acquiring bank
- SWEA CITY STATE BANK (SWEA CITY, IA)
Other banks SWEA CITY STATE BANK acquired in FDIC resolutions