# OSCEOLA STATE BANK & TRUST COMPANY

> **Failed bank** · OSCEOLA, IA · failed 1987-04-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

OSCEOLA STATE BANK & TRUST COMPANY of OSCEOLA, IA was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $8M
- **Assets at failure:** $9M
- **Acquiring bank:** AMERICAN STATE BANK (OSCEOLA, IA)

## Other banks AMERICAN STATE BANK has acquired in FDIC resolutions

- MEDICAL CENTER STATE BANK (OKLAHOMA CITY, OK) — failed 1988-10-27 — /failed-bank/1968

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OSCEOLA%20STATE%20BANK%20%26%20TRUST%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OSCEOLA STATE BANK & TRUST COMPANY (FDIC ID 1421), failed 1987-04-23. Retrieved via AI Analytics 2026-07-20 from https://api.ai-analytics.org/failed-bank/1421.

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