# CLIMBING HILL SAVINGS BANK

> **Failed bank** · CLIMBING HILL, IA · failed 1987-12-03 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

CLIMBING HILL SAVINGS BANK of CLIMBING HILL, IA was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $5M
- **Assets at failure:** $5M
- **Acquiring bank:** FIRST TRUST&SAVINGS BANK (MOVILLE, IA)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CLIMBING%20HILL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CLIMBING HILL SAVINGS BANK (FDIC ID 1568), failed 1987-12-03. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1568.

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