OSCEOLA STATE BANK & TRUST COMPANY Failed 1987
What happened
OSCEOLA STATE BANK & TRUST COMPANY of OSCEOLA, IA was closed on 1987-04-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN STATE BANK (OSCEOLA, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1421
- FDIC Certificate
- 20304
- FDIC FIN
- 2681
- Bank name
- OSCEOLA STATE BANK & TRUST COMPANY
- Location
- OSCEOLA, IA
- Failure date
- 1987-04-23
- FDIC resolution date
- 1987-04-23
- 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
- $8M
- Assets at failure
- $9M
- Acquiring bank
- AMERICAN STATE BANK (OSCEOLA, IA)
Other banks AMERICAN STATE BANK acquired in FDIC resolutions