# MOUNT PLEASANT BK & TR COMPANY

> **Failed bank** · MOUNT PLEASANT, IA · failed 1982-08-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised)

## What happened

MOUNT PLEASANT BK & TR COMPANY of MOUNT PLEASANT, IA was closed by regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $26M
- **Assets at failure:** $29M
- **Acquiring bank:** HAWKEYE BANK&TRUST (MOUNT PLEASANT, IA)

## Other banks HAWKEYE BANK&TRUST has acquired in FDIC resolutions

- THE TINGLEY STATE SAVINGS BANK (MOUNT AYR, IA) — failed 1984-08-10 — /failed-bank/903
- THE FIRST NATIONAL BK IN HUMBOLD (HUMBOLDT, IA) — failed 1982-04-02 — /failed-bank/656

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MOUNT%20PLEASANT%20BK%20%26%20TR%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MOUNT PLEASANT BK & TR COMPANY (FDIC ID 691), failed 1982-08-06. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/691.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*