OAKLAND SAVINGS BANK Failed 1984

OAKLAND, IA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

OAKLAND SAVINGS BANK of OAKLAND, IA was closed on 1984-09-07. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to OAKLAND STATE BANK (OAKLAND, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
914
FDIC Certificate
233
FDIC FIN
2414
Bank name
OAKLAND SAVINGS BANK
Location
OAKLAND, IA
Failure date
1984-09-07
FDIC resolution date
1984-09-07
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.)
$7M
Deposits at failure
$20M
Assets at failure
$22M
Acquiring bank
OAKLAND STATE BANK (OAKLAND, IA)