Bank failure · IA
The Peoples National Bank & Trust (Albia, IA) — failed February 6, 1986
The Peoples National Bank & Trust of Albia, Iowa was closed on February 6, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $52.0M in assets and $49.4M in deposits. The FDIC's estimated loss on the failure is $13.4M (25.9% of assets).
- Closing date
- February 6, 1986
- FDIC certificate #
- 4422
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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