IONA SAVINGS BANK Failed 1991
What happened
IONA SAVINGS BANK of TILTON, NH was closed on 1991-10-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST SAVINGS AND LOAN ASSO (EXETER, NH). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3213
- FDIC Certificate
- 17189
- FDIC FIN
- 4405
- Bank name
- IONA SAVINGS BANK
- Location
- TILTON, NH
- Failure date
- 1991-10-11
- FDIC resolution date
- 1991-10-11
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $30M
- Assets at failure
- $31M
- Acquiring bank
- FIRST SAVINGS AND LOAN ASSO (EXETER, NH)