Bank failure · IA
State Bank of Allison (Allison, IA) — failed February 5, 1987
State Bank of Allison of Allison, Iowa was closed on February 5, 1987 and resolved through a purchase and assumption. Lincoln Savings Bank (IA) took over its insured deposits. At failure it held $17.4M in assets and $17.0M in deposits. The FDIC's estimated loss on the failure is $1.5M (8.7% of assets).
- Closing date
- February 5, 1987
- FDIC certificate #
- 10496
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Lincoln Savings Bank
- Insurance fund
- FDIC
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