THE TINGLEY STATE SAVINGS BANK Failed 1984
What happened
THE TINGLEY STATE SAVINGS BANK of MOUNT AYR, IA was closed on 1984-08-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HAWKEYE BANK&TRUST (MOUNT AYR, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 903
- FDIC Certificate
- 14796
- FDIC FIN
- 2405
- Bank name
- THE TINGLEY STATE SAVINGS BANK
- Location
- MOUNT AYR, IA
- Failure date
- 1984-08-10
- FDIC resolution date
- 1984-08-10
- 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.)
- $6M
- Deposits at failure
- $18M
- Assets at failure
- $19M
- Acquiring bank
- HAWKEYE BANK&TRUST (MOUNT AYR, IA)
Other banks HAWKEYE BANK&TRUST acquired in FDIC resolutions