PISGAH SAVINGS BANK Failed 1988
What happened
PISGAH SAVINGS BANK of PISGAH, IA was closed on 1988-09-01. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to IOWA SAVINGS BANK (WOODBINE, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1905
- FDIC Certificate
- 14483
- FDIC FIN
- 5945
- Bank name
- PISGAH SAVINGS BANK
- Location
- PISGAH, IA
- Failure date
- 1988-09-01
- FDIC resolution date
- 1988-09-01
- 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.)
- $3M
- Deposits at failure
- $9M
- Assets at failure
- $10M
- Acquiring bank
- IOWA SAVINGS BANK (WOODBINE, IA)
Other banks IOWA SAVINGS BANK acquired in FDIC resolutions