Bank failure · IA
Osceola State Bank & Trust Company (Osceola, IA) — failed April 23, 1987
Osceola State Bank & Trust Company of Osceola, Iowa was closed on April 23, 1987 and resolved through a purchase and assumption. American State Bank (IA) took over its insured deposits. At failure it held $8.6M in assets and $7.7M in deposits. The FDIC's estimated loss on the failure is $1.6M (18.4% of assets).
- Closing date
- April 23, 1987
- FDIC certificate #
- 20304
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American State Bank
- Insurance fund
- FDIC
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