Bank failure · IA

Mount Pleasant Bk & Tr Company (Mount Pleasant, IA) — failed August 6, 1982

Mount Pleasant Bk & Tr Company of Mount Pleasant, Iowa was closed on August 6, 1982 and resolved through a purchase and assumption. Hawkeye Bank&trust (IA) took over its insured deposits. At failure it held $29.4M in assets and $26.2M in deposits. The FDIC's estimated loss on the failure is $32 (0.0% of assets).