Bank failure · IA
Urbana Savings Bank (Urbana, IA) — failed June 21, 1985
Urbana Savings Bank of Urbana, Iowa was closed on June 21, 1985 and resolved through a purchase and assumption. Peoples Bank&trust Co (IA) took over its insured deposits. At failure it held $7.2M in assets and $6.3M in deposits. The FDIC's estimated loss on the failure is $810K (11.3% of assets).
- Closing date
- June 21, 1985
- FDIC certificate #
- 13153
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Peoples Bank&trust Co
- Insurance fund
- FDIC
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