Bank failure · IA

First National Bank of Woodbine (Woodbine, IA) — failed February 7, 1985

First National Bank of Woodbine of Woodbine, Iowa was closed on February 7, 1985 and resolved through a purchase and assumption. Iowa Savings Bank (IA) took over its insured deposits. At failure it held $25.8M in assets and $25.8M in deposits. The FDIC's estimated loss on the failure is $7.3M (28.3% of assets).