CLIMBING HILL SAVINGS BANK Failed 1987

CLIMBING HILL, IA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

CLIMBING HILL SAVINGS BANK of CLIMBING HILL, IA was closed on 1987-12-03. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FIRST TRUST&SAVINGS BANK (MOVILLE, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1568
FDIC Certificate
18360
FDIC FIN
2758
Bank name
CLIMBING HILL SAVINGS BANK
Location
CLIMBING HILL, IA
Failure date
1987-12-03
FDIC resolution date
1987-12-03
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
$5M
Assets at failure
$5M
Acquiring bank
FIRST TRUST&SAVINGS BANK (MOVILLE, IA)