Bank failure · IA
First Fs & LA of Estherville (Estherville, IA) — failed April 6, 1989
First Fs & LA of Estherville of Estherville, Iowa was closed on April 6, 1989 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $60.6M in assets and $58.9M in deposits. The FDIC's estimated loss on the failure is $9.7M (16.0% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 29408
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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