FIRST FS & LA OF CRESTON Failed 1991
What happened
FIRST FS & LA OF CRESTON of CRESTON, IA was closed on 1991-05-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST FSB OF CRESTON (CRESTON, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3097
- FDIC Certificate
- 28885
- FDIC FIN
- 2141
- Bank name
- FIRST FS & LA OF CRESTON
- Location
- CRESTON, IA
- Failure date
- 1991-05-10
- FDIC resolution date
- 1991-11-01
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $68M
- Assets at failure
- $67M
- Acquiring bank
- FIRST FSB OF CRESTON (CRESTON, IA)