FIRST NATIONAL BANK OF WOODBINE Failed 1985
What happened
FIRST NATIONAL BANK OF WOODBINE of WOODBINE, IA was closed on 1985-02-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to IOWA SAVINGS BANK (WOODBINE, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 959
- FDIC Certificate
- 4523
- FDIC FIN
- 2441
- Bank name
- FIRST NATIONAL BANK OF WOODBINE
- Location
- WOODBINE, IA
- Failure date
- 1985-02-07
- FDIC resolution date
- 1985-02-07
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $26M
- Assets at failure
- $26M
- Acquiring bank
- IOWA SAVINGS BANK (WOODBINE, IA)
Other banks IOWA SAVINGS BANK acquired in FDIC resolutions