HAYESVILLE SAVINGS BANK Failed 1988
What happened
HAYESVILLE SAVINGS BANK of HAYESVILLE, IA was closed on 1988-03-10. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FARMERS SAVINGS BANK (FREMONT, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1637
- FDIC Certificate
- 8100
- FDIC FIN
- 5932
- Bank name
- HAYESVILLE SAVINGS BANK
- Location
- HAYESVILLE, IA
- Failure date
- 1988-03-10
- FDIC resolution date
- 1988-03-10
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $37M
- Assets at failure
- $38M
- Acquiring bank
- FARMERS SAVINGS BANK (FREMONT, IA)