Bank failure · IA
Farmers State Bank (Kanawha, IA) — failed July 30, 1987
Farmers State Bank of Kanawha, Iowa was closed on July 30, 1987 and resolved through a purchase and assumption. First Nb of Clarion (IA) took over its insured deposits. At failure it held $15.9M in assets and $15.3M in deposits. The FDIC's estimated loss on the failure is $2.4M (15.1% of assets).
- Closing date
- July 30, 1987
- FDIC certificate #
- 13152
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Nb of Clarion
- Insurance fund
- FDIC
Other failures in 1987
- First Fs&la of Slidell LA
- American Fs&la VA
- First Financial Bank, FSB LA
- Gibson Federal S&la IL
- First Fs&la of Alexandria LA
- First Financial of LA LA
- Firstbanc FSB LA
- The Falun State Bank KS
- Community Fs&la OH
- First State Bank at Shoshoni WY
- Bank of Mabank TX
- Usbank TX
- American Bank of Commerce LA
- Mt. Pleasant S&la TX
- Boone County Fs&la MO
- First Interstate Bank of Alaska AK
- Lewis and Clark State Bank OR
- Surety Fs&la NC
- The First National Bank in Rhome TX
- Louisiana Bank & Trust Company LA
- Bancfirst-Austin, N.A. TX
- American Bank in Louisiana LA
- Heritage National Bank TX
- The Farmers National Bank of Cordell OK