# STATE BANK OF ALLISON

> **Failed bank** · ALLISON, IA · failed 1987-02-05 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

STATE BANK OF ALLISON of ALLISON, IA was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** LINCOLN SAVINGS BANK (REINBECK, IA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=STATE%20BANK%20OF%20ALLISON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE BANK OF ALLISON (FDIC ID 1354), failed 1987-02-05. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1354.

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