STORY COUNTY STATE BANK Failed 1985

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

What happened

STORY COUNTY STATE BANK of STORY CITY, IA was closed on 1985-05-09. The FDIC was named receiver.

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

Deposits were transferred to STORY COUNTY BANK&TRUST (STORY CITY, IA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
990
FDIC Certificate
5813
FDIC FIN
2462
Bank name
STORY COUNTY STATE BANK
Location
STORY CITY, IA
Failure date
1985-05-09
FDIC resolution date
1985-05-09
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
$32M
Assets at failure
$34M
Acquiring bank
STORY COUNTY BANK&TRUST (STORY CITY, IA)