STATE BANK OF ALLISON Failed 1987
What happened
STATE BANK OF ALLISON of ALLISON, IA was closed on 1987-02-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to LINCOLN SAVINGS BANK (REINBECK, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1354
- FDIC Certificate
- 10496
- FDIC FIN
- 2643
- Bank name
- STATE BANK OF ALLISON
- Location
- ALLISON, IA
- Failure date
- 1987-02-05
- FDIC resolution date
- 1987-02-05
- 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.)
- $2M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- LINCOLN SAVINGS BANK (REINBECK, IA)