MIDAMERICA SB Failed 1988
What happened
MIDAMERICA SB of WATERLOO, IA was closed on 1988-12-12. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to MIDAMERICA SAVINGS BANK (WATERLOO, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2001
- FDIC Certificate
- 30082
- FDIC FIN
- 1765
- Bank name
- MIDAMERICA SB
- Location
- WATERLOO, IA
- Failure date
- 1988-12-12
- FDIC resolution date
- 1988-12-12
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $232M
- Assets at failure
- $244M
- Acquiring bank
- MIDAMERICA SAVINGS BANK (WATERLOO, IA)