MOUNT PLEASANT BK & TR COMPANY Failed 1982
What happened
MOUNT PLEASANT BK & TR COMPANY of MOUNT PLEASANT, IA was closed on 1982-08-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HAWKEYE BANK&TRUST (MOUNT PLEASANT, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 691
- FDIC Certificate
- 16558
- FDIC FIN
- 2317
- Bank name
- MOUNT PLEASANT BK & TR COMPANY
- Location
- MOUNT PLEASANT, IA
- Failure date
- 1982-08-06
- FDIC resolution date
- 1982-08-06
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $26M
- Assets at failure
- $29M
- Acquiring bank
- HAWKEYE BANK&TRUST (MOUNT PLEASANT, IA)
Other banks HAWKEYE BANK&TRUST acquired in FDIC resolutions