Bank failure · IA
Early Savings Bank (Early, IA) — failed November 1, 1985
Early Savings Bank of Early, Iowa was closed on November 1, 1985 and resolved through a purchase and assumption. Citizens 1st Nb Storm LA (IA) took over its insured deposits. At failure it held $12.9M in assets and $11.9M in deposits. The FDIC's estimated loss on the failure is $1.2M (9.2% of assets).
- Closing date
- November 1, 1985
- FDIC certificate #
- 10116
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citizens 1st Nb Storm LA
- Insurance fund
- FDIC
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