INWOOD STATE BANK Failed 1985
What happened
INWOOD STATE BANK of INWOOD, IA was closed on 1985-02-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY SAVINGS BANK (LARCHWOOD, IA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 964
- FDIC Certificate
- 16248
- FDIC FIN
- 2445
- Bank name
- INWOOD STATE BANK
- Location
- INWOOD, IA
- Failure date
- 1985-02-19
- FDIC resolution date
- 1985-02-19
- 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.)
- $1M
- Deposits at failure
- $8M
- Assets at failure
- $8M
- Acquiring bank
- SECURITY SAVINGS BANK (LARCHWOOD, IA)