Bank failure · IA
Auburn Savings Bank (Auburn, IA) — failed November 8, 1985
Auburn Savings Bank of Auburn, Iowa was closed on November 8, 1985 and resolved through a purchase and assumption. Carroll County State Ban (IA) took over its insured deposits. At failure it held $6.8M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $714K (10.4% of assets).
- Closing date
- November 8, 1985
- FDIC certificate #
- 14271
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Carroll County State Ban
- Insurance fund
- FDIC
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