SUN FEDERAL SAVINGS ASSOC. Failed 1990
What happened
SUN FEDERAL SAVINGS ASSOC. of FORT DODGE, IA was closed on 1990-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to IDA COUNTY STATE BANK (IDA GROVE, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2706
- FDIC Certificate
- 31547
- FDIC FIN
- 7110
- Bank name
- SUN FEDERAL SAVINGS ASSOC.
- Location
- FORT DODGE, IA
- Failure date
- 1990-03-16
- FDIC resolution date
- 1990-06-28
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $19M
- Assets at failure
- $24M
- Acquiring bank
- IDA COUNTY STATE BANK (IDA GROVE, IA)